Priority Health completes acquisition of Physicians Health Plan of Northern Indiana to foster innovation

Dec 03, 2024•7 months ago

Acquiring Company

Priority Health

Acquired Company

Physicians Health Plan of Northern Indiana

Grand Rapids

Fort WayneInsuranceEmployee BenefitsHealth Care

Description

Michigan-based health plan, Priority Health, has successfully acquired control of Physicians Health Plan of Northern Indiana (PHPNI), based in Fort Wayne. With this acquisition, Priority Health aims to foster innovation and improve access to care, serving more than 1.3 million members and enhancing its ability to provide cost-efficient and innovative health care solutions.

Company Information

Company

Priority Health

Location

Grand Rapids, Michigan, United States

About

Priority Health is the second largest health plan in Michigan, offering an extensive portfolio of health benefits options for employer groups and individuals, including Medicare and Medicaid plans. The company has over 30 years in business and serves more than 1.3 million members each year, with a broad network of primary care physicians in Michigan. Priority Health continues to be recognized as a leader for quality, customer service, transparency and product innovation.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Priority Health completes acquisition of Physicians Health Plan of Northern Indiana to foster innovation

Description

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Company Information