Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

Coventry To Buy Erie, Pa., Plan

Your article was successfully shared with the contacts you provided.

NU Online News Service, April 1, 10:29 a.m. – Coventry Health Care Inc., Bethesda, Md., says a subsidiary, HealthAmerica of Pennsylvania Inc., will buy New Alliance Health Plan, Erie, Pa., through a stock purchase.

The value of the deal and other terms were not disclosed.

New Alliance, a privately owned health plan, has about 47,000 commercial members, Coventry says. The acquisition will increase Coventry’s total membership in Pennsylvania to more than 580,000.

Included in the acquisition are long-term provider and employer group agreements with the Hamot Health Foundation/Medical Center and the Saint Vincent Health System, two major Erie provider systems.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.