Priority Health and Physicians Health Plan of Northern Indiana Complete Acquisition to Foster Innovation and Improve Access to Care [Yahoo! Finance]
KeyCorp (KEY)
Last keycorp earnings: 4/16 06:30 am
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Source: Yahoo! Finance
excited to announce the acquisition of control of Physicians Health Plan of Northern Indiana (PHPNI), a health plan based in Fort Wayne that serves more than 50,000 members in Indiana and Ohio. Plans were officially announced in June 2024 and were completed on December 1, 2024. "With approvals complete, we will now be working over the next several months to develop opportunities for both companies to continue to grow and leverage each other's strengths as we plan for future growth," said Praveen Thadani, president of Priority Health. Gary Shearer, president and CEO of PHPNI, added, "We are excited to join the Priority Health team and for the opportunities and enhancements this will bring for our members and employer groups, our staff and the entire community that we serve." Financial proceeds of the transaction will advance the mission of the PHP Foundation, adding to its holdings and enhancing the ability to support the health and wellness of in-need populations in Northern I
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