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Article: Miami doc-owned insurer to buy Medicare business.(Physician Affairs)(Preferred Care Partners)(Neighborhood Health Partnership)(Brief Article)
- Article from:
- Modern Healthcare
- Article date:
- May 2, 2005
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Modern Physician
Preferred Care Partners, a Miami-based provider-sponsored insurance company owned primarily by doctors, announced last week it would acquire the Medicare business of Neighborhood Health Partnership. The deal, which would require CMS approval, will make Preferred Care Partners the largest privately owned Medicare Advantage plan in South Florida.
Both organizations project that the effective date of the acquisition will be June 1. Preferred Care, a 3-year-old insurer with a network of about 1,000 physicians, is one of only two provider-sponsored ...