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.