Insight, analysis & opinion from Joe Paduda
In a transaction that surprised many (including me), Atlanta-based claims administrator Crawford and Co. announced it is acquiring FL-based Broadspire Services from investment group Platinum Equity. The deal is valued at $150 million, and will move the combined companies into … Continue reading Crawford buying TPA Broadspire
Read More...The increasing consolidation in the health insurance market is beginning to run up against the same situation among health care providers, creating the market condition known as a bilateral oligopoly (few sellers and few buyers). This appears to be happening … Continue reading Bilateral Oligopolies
Read More...Sedgwick CMS, one of the nation’s larger property and casualty TPAs, is getting even bigger. The company will be acquiring Comp Management Inc. (CMI) for just under $200 million. This marks the first expansion of Sedgwick since its sale to … Continue reading The smart money is buying TPAs
Read More...Several sources indicate Concentra will announce a major acquisition in Q3 2006. Speculation is that the deal will involve adding a significant number of occupational medicine clinics to Concentra’s present 300 or so. The next question is likely to be … Continue reading Concentra to announce major deal in Q3
Read More...One health insurer has at least 30% market share in virtually all of the nation’s major markets. This finding, published in the AMA’s “Competition in Health Insurance; A comprehensive study of US markets”, indicates that the market’s consolidation has resulted … Continue reading Market power in managed care – the health plans are winning
Read More...I’m been somewhat skeptical about the Enzi AHIP bill, but in the spirit of fairness wanted to carefully evaluate the potential of the bill to address its main driver – the lack of affordable health insurance. I’m even more skeptical … Continue reading Enzi’s AHIP – the Deck Chair Rearrangement Act
Read More...The proposed merger between United HealthGroup and Pacificare is running into objections from consumer groups and other advocacy organizations in several states. Most recently, the AMA’s Colorado branch protested the bonuses and other financial rewards that would accrue to Pacificare … Continue reading AMA’s protest of UHG-Pacificare merger
Read More...The mergers among health plans continued yesterday, with New York’s GHI and HIP announcing their intention to join forces to create the state’s largest single health plan. With four million members and $7 billion in revenues, the not-for-profits would dominate … Continue reading GHI-HIP merger in NY
Read More...Wellpoint is continuing to consolidate its hold on the nation’s Blues plans with its recent announcement regarding the pending deal to acquire Wellchoice, the holding company that owns New York’s Empire Blue Cross and Blue Shield. The transaction is valued … Continue reading Wellpoint’s acquisition of Empire Blue Cross
Read More...Concentra will acquire Beech Street for $165 million. The announcement indicates that the deal will be finalized this year, and a definitive agreement has been signed by both parties. Beech’s senior management, led by Bill Hale, will be continuing in … Continue reading Concentra to acquire Beech Street
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