A subsidiary of St. Louis-based Ascension Health, Together Health Network (THN), notified the state of Michigan it plans to buy U.S. Health and Life Insurance Company (USHL), located in Sterling Heights, for $50 million. THN is a clinically integrated network that was formed in July of 2014 as a collaboration of Trinity Health and Ascension Health. The acquisition allows THN the ability to participate in the state’s health insurance exchange with its narrow provider network. USHL’s target market is small employers with less than 100 employees. USHL is licensed in about 20 states, including Michigan, Ohio, Illinois and Indiana. After the acquisition, USHL will be a wholly-owned subsidiary of U.S. Health Holdings, a Michigan-based corporation.
This was reported by Modern Healthcare on February 20, 2015.
Contact Information: Communications Department, Ascension Health System Office, 4600 Edmundson Road, St. Louis, MO 63134; 314-733-8000; E-mail: email@example.com; Website: www.ascensionhealth.org