Close Close
Sign In
Newsletters
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
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Health Insurance > Life Insurance Strategies

Health Net Completes Guardian Venture Deal

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

A West Coast managed care company has bought out a partner that was helping it run a health insurance business in the Northeast.

Health Net Inc., Woodland Hills, Calif., says it completed previously announced efforts to acquire full control over Healthcare Solutions from Guardian Life Insurance Company of America, New York.

Health Net ended up with an interest in Healthcare Solutions when it acquired another health insurer in 1997. The joint venture has been selling health coverage to employers with 2 to 50 employees in Connecticut, New Jersey and New York.

Health Net has supplied the providers and administrative services, and Guardian has handled distribution, Health Net says.

For members, the only change will be that the plan now will be called Health Net Healthcare solutions, rather than Guardian/Health Net Healthcare Solutions, Health Net says.

Guardian’s non-medical plans, such as its dental and disability plans, were not part of the joint venture and are unaffected by the deal, Health Net says.

NOT FOR REPRINT

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