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Miami doc-owned insurer to buy Medicare business.(Physician Affairs)(Preferred Care Partners)(Neighborhood Health Partnership)(Brief Article)

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 ...

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