Pittsburgh health insurer Highmark completed its acquisition of Blue Cross of Northeastern Pennsylvania (BCNEPA). The deal was first announced in February 2014. The merged company will operate as Highmark Blue Cross Blue Shield and continue to provide health insurance coverage and administrative services to nearly 550,000 individuals in the 13 counties of northeastern Pennsylvania. Before the deal, Highmark covered 4.7 million people across Pennsylvania. Under the terms of the deal, Highmark will finance a newly created charity with up to $90 million. The agreement also includes the promise to maintain a local advisory board for BCNEPA and local operations for four years.
This was reported by ModernHealthcare.com on June 1, 2015.
Contact Information: Aaron Billger, Director, Public Relations, Highmark Inc., Fifth Avenue Place, 120 Fifth Avenue, Pittsburgh, PA 15222; 412-544-7826; E-mail: email@example.com; Website: www.highmark.com