Category: BB-2020

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-Seaside Healthcare | North Carolina Services Expanding – Strategic Interventions Acquired by Seaside Healthcare

North Carolina Services Expanding – Strategic Interventions Acquired by Seaside Healthcare

SHREVEPORT, LA:  Seaside Healthcare, a behavioral healthcare service corporation headquartered in Shreveport, Louisiana, has acquired the North Carolina mental health service company, Strategic Interventions,  Inc. adding the multi county organization to the growing Seaside Healthcare family of behavioral health and substance use programs serving communities across Louisiana, North Carolina, Georgia, and Texas. The acquisition became effective November 1, 2019. Franklin Roemer, CEO and co-founder of Seaside Healthcare announced the corporation’s expansion in North Carolina, “Seaside Healthcare’s ability to further provide high quality and vital mental health services to an even greater number of families in North Carolina has been further enhanced by our acquisition of Strategic Interventions. Their multi-county clinic locations and the proven services they provide fit well with Seaside Healthcare’s approach to delivering accessible, high quality, patient & family centric, community-based mental health and substance use treatment services.”
Donna Duggins, MBA, who joined Strategic Interventions in 2010, will serve as Executive Director of Strategic Interventions. She has 25 years experience working in the Mental Health field in various capacities and holds a Degree in Psychology and an MBA. Duggins commented on becoming a member of the Seaside Healthcare family, “Being part of Seaside Healthcare brings with it a greater pool of resources and organizational strengths. Our ability to provide an even higher level of mental health services to the people of the counties we serve will be greatly enhanced as a result. This is a most positive change for Strategic Interventions and to the families who come to us for help.”
As the newest member of the growing Seaside Healthcare family, Strategic Interventions will now share in Seaside’s focus of providing evidence-based treatment services that are compliant with all state and national regulations for mental healthcare delivery. Seaside’s goal is to provide community-based treatment in the least restrictive environment for patients and their families. As a large deliverer of mental health services in Louisiana, Georgia, Texas, and North Carolina, Seaside has the resources to continue meeting the needs of the people it serves across its growing network of providers.
Strategic Interventions is headquartered in Marion, North Carolina and provides community mental health services in Yadkinville, Morganton, Greensboro, Warrenton and Marion. In these locations, Strategic Interventions provides Assertive Community Treatment Teams, (ACTT), to help those with serious mental illness obtain adequate care in their communities, and to live a life not dominated by their mental illness. Using a team approach that consists of psychiatrist, nurses, mental health professionals, employment specialists, and substance use specialists, a very personalized level of care is available to patients in their homes 24 hours a day, 7 days a week. ACTT helps individuals with medication management, locating housing, findind educational opportunities or jobs, among other basic needs.
In addition to ACTT services, Strategic Interventions provides a Psychosocial Rehabilitation (PSR) program. The PSR Program helps mental health patients improve the quality of their life through skill development assistance, pre-vocational training, supported employment, supportive rehabilitation counseling, skills teaching & practice, resource development, and peer support. The objective of PSR is to maximize the persons ability to function in all aspects of their lives.
Roemer commented on the expanding service network of the Seaside Healthcare family, “Seaside Healthcare’s strong model for patient first care as initially developed in Louisiana then expanded into North Carolina, Georgia and Texas serves as the foundation for our expansion of services in North Carolina as we move to help even more people in their own communities. Seaside Healthcare is most pleased to welcome Strategic Interventions into the Seaside family.
Seaside Healthcare is a dynamic and growing organization that is currently expanding its mental healthcare delivery system across the south through acquisitions and new site and program development. More information on Seaside Healthcare can be found through their website at www.seasidehc.com. Questions concerning program development or acquisition referrals can be made to Patrick Doyal, VP of Development at pd****@*******hc.com. More information on Strategic Interventions can be obtained by contacting their corporate office at 828-655-3105. 
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The Stepping Stones Group Acquires New England ABA, Inc.

MM 1 Sentence Summary- BH provider, Stepping Stones Group, acquires New England ABA and they will integrate existing execs from both companies.

The Stepping Stones Group Acquires New England ABA, Inc.

News provided by
Sep 23, 2019, 17:57 ET
BOSTON, Sept. 23, 2019 /PRNewswire/ — The Stepping Stones Group (Stepping Stones), a leading national provider of therapeutic and behavioral health services to children with special needs and autism, today announced the acquisition of New England ABA, Inc., a Massachusetts based provider of in-home and community-based Applied Behavioral Analysis (ABA) therapy.
New England ABA, Inc will operate as a subsidiary of The Stepping Stones Group and continue to do business under its current name. Tim Sullivan, New England ABA’s co-founder and Chief Executive Officer/Executive Director will assume the role of Executive Director of the subsidiary and will report to Mike McGreal, Chief Corporate Development Officer of The Stepping Stones Group.  In addition to Tim Sullivan, we are pleased to announce Ben Sullivan, New England ABA’s co-founder and Chief Financial Officer/Director of Operations will also join The Stepping Stones Group as the Director of Finance and Operations reporting directly to Tim Sullivan, with a dotted reporting line to Karen Ospalik, Chief Financial Officer of The Stepping Stones Group.
“We are excited to join with New England ABA, which represents our inaugural expansion into home and community-based autism services.  This acquisition enhances our ability to positively impact the lives of children beyond our current delivery of care in the K-12 setting.  Tim Sullivan and his team have grown a leading Autism Services Provider in Massachusetts over the past 4 years and we are thrilled to have them join our team,” said Tim Murphy, the Chief Executive Officer of The Stepping Stones Group.
“By joining The Stepping Stones Group, New England ABA has found a like-minded partner to live out our mission to change lives, one family at a time with a focus on clinical and operational excellence.  I am confident that The Stepping Stones Group’s national footprint and clinical and operational capabilities will propel New England to even higher levels of success,” said Tim Sullivan, CEO of New England ABA.
Stepping Stones is a portfolio company of Five Arrows Capital Partners, the North American corporate private equity business of Rothschild & Co Merchant Banking.
“Five Arrows Capital Partners is pleased to continue to support The Stepping Stones Group’s management team as they expand the company’s service offerings into new settings broadening the national footprint.  The acquisition of New England ABA represents the execution of our articulated vision to expand The Stepping Stones service delivery model to the community,” stated Michael Langer, Managing Director of Five Arrows Capital Partners.
Provident Healthcare Partners, LLC acted as investment banking advisor for New England ABA.
About The Stepping Stones Group
The Stepping Stones Group is the leading provider of therapy and behavioral health services to children including those with special needs and autism.  With the acquisition of New England ABA, Inc., the company now serves over 450 school districts and 105,000 students annually across over 30 states.  With over 30 years of experience, our team consists of over 2,100 licensed clinicians and special educators dedicated to delivering high-quality therapeutic and behavioral health services.  The company is privately held by Five Arrows Capital Partners, the North American corporate private equity business of Rothschild & Co Merchant Banking. For more information about the company, please visithttps://thesteppingstonesgroup.com/.
About New England ABA, Inc.
Founded in 2015, New England ABA, Inc. has been providing home and community based Applied Behavioral Analysis (ABA) therapy services to children and adolescents with Autism.  For more information on New England ABA, please visit www.ne-aba.com/
About Five Arrows Capital Partners
Five Arrows Capital Partners (FACP) is the North American corporate private equity business of Rothschild & Co. Merchant Banking (RMB), the investment arm of Rothschild & Co. With offices in London, Paris, Luxembourg, New York and Los Angeles, RMB has over $12 billion of assets under management. Like RMB’s European corporate private equity business, Five Arrows Capital Partners is focused on investing in middle market companies with highly defensible market positions, business models with a proven history of generating attractive returns on invested capital across economic cycles and multiple untapped levers for value creation. Sector focus of FACP is on healthcare; business services; and data, software & technology-enabled services. For more information, please visit https://www.rothschildandco.com/en/merchant-banking/corporate-private-equity/.
SOURCE The Stepping Stones Group

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-4 Arkansas behavioral health providers plan merger to form Arisa Health – Talk Business & Politics


4 Arkansas behavioral health providers plan merger to form Arisa Health

by Talk Business & Politics staff (st****@**********ss.net) October 30, 2019 7:01 pm 1,459 views

Four Arkansas-based behavioral health providers announced Wednesday (Oct. 30) they have signed a Letter of Intent to form one integrated behavioral health system.
Arisa Health, a nonprofit organization, will bring together the professional staff and services of Conway-based Counseling Associates, Mid-South Health Systems of Jonesboro, Ozark Guidance of Springdale and Professional Counseling Associates of North Little Rock.  In total, Arisa Health will have locations in 41 counties throughout the northern half of Arkansas. A list of locations is available at this link.
Dr. Laura H. Tyler, CEO of Ozark Guidance, has been selected to lead the new organization “because of her experience, knowledge and reputation within the industry,” according to a news release.
Arisa Health will be headquartered at what is now the main Ozark Guidance office at 2400 S. 48th Street in Springdale. After the merger, the new company will have 1,275 employees.
“This merging of missions will ensure better outcomes for clients, families and the communities we serve and allow for greater efficiency in the delivery of behavioral health services,” Tyler said in a statement. “Our core commitment is to utilize innovative approaches in the provision of comprehensive, integrated behavioral health care services.”
In the release, Tyler said each individual organization’s governing board approved the Letter of Intent because they share a similar mission and support the universal benefits to clients, families and communities that come from combining resources. Such benefits include ensuring access to community-based comprehensive behavioral health care services, sharing of ideas and innovative best practices, economies of scale, and a financially stronger and increasingly sustainable organization.
“Together the four organizations have locations in more than half of the counties in Arkansas and the strength of Arisa Health will allow us to transform the delivery of behavioral healthcare in Arkansas,” Tyler said. “We will offer a safe and secure professional environment where clients are offered individualized care and services.”
Tyler said employees will enjoy greater collaboration with a larger pool of professional peers across the network, and that leadership is working hard to ensure a seamless transfer of operations and integration of workforce through the merger process.
The merger, according to the release, is expected to be finalized in early 2020. Providers will begin doing business as Arisa Health at that time.

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[Updated] Walmart Health, Amedisys Partner to Expand Home Health Access Nationwide – Home Health Care News

MM 1 Sentence Summary- Walmart and Amedisys partner up and Amedisys will have kiosk in location that explains home health services it provides to patients. 


Walmart Health, Amedisys Partner to Expand Home Health Access Nationwide

September 19, 2019
Amedisys Inc. (Nasdaq: AMED) and Walmart (NYSE: WMT) have entered into a new partnership to expand home health care access nationwide, according to an analyst report from William Blair.
The global investment and wealth management firm has learned that Baton Rouge, Louisiana-based Amedisys is part of the retail giant’s new health care initiative, dubbed “Walmart Health.”
The news comes after Walmart announced its health care push earlier this month. The goal is to provide services from clinic-based primary care and counseling to home-based care and dentistry at a reduced cost, Walmart’s president of health and wellness Sean Slovenski previously told Business Insider.
Already, Walmart has opened its first 10,000 square-foot health center in Dallas, Georgia. The location is adjacent to a Walmart store there.
“We are testing a variety of services with partners in our Walmart Health prototype in Dallas, Georgia,” a Walmart spokesperson told Home Health Care News. “Among them is home health, hospice and personal care, so if a customer has questions or needs information, they can discuss with the on-site partner, Amedisys.”
William Blair analyst Matt Larew provided more details in his Wednesday report. The prototype clinic features an Amedisys kiosk, which is designed to help educate customers and potential patients on the home health services it provides, he wrote.
On top of that — and maybe even more importantly — Amedisys is a care coordination partner and preferred provider for the Walmart Health initiative, according to the report.
“If Walmart Health is successful in redirecting patient flow from the primary care algorithm into its locations, or driving additional patient interactions by providing more convenient access points, Amedisys stands to benefit from any home health referrals generated,” Larew wrote.
That benefit is potentially massive: About 90% of the U.S. population lives within 10 miles of a Walmart, and more than half of the population shops in Walmart weekly. Plus, the company plans to open as many as 200 more health clinic locations over the next several years, the report says.
Specifically, if pilots of the model are successful, Walmart intends to deepen its health presence in Georgia and expand elsewhere in the country.
“In addition, Walmart is the largest self-insured employer in the country,” Larew wrote. “So the disruptive potential of Walmart (and its partners) in health care, in our view, remains vastly underappreciated.”
While the specifics of the partnership are new, those following the retail giant’s health push may have seen the writing on the wall. Last week, Slovenski told Business Insider he was especially interested in partnering with outside companies to provide behavioral health, telemedicine and in-home care services.
“We see these as being a crown jewel of what we want to accomplish in the physical world, in the home, and in the virtual world as well,” Slovenski said.
Amedisys has been making partnership news all summer: In July, the publicly traded home health behemoth struck an agreement with technology company ClearCare Inc. The deal allows Amedisys to partner with personal care companies nationwide to supplement its services without having to acquire new targets.
To date, Amedisys is partnering with more than 700 home care agencies representing 80,000 caregivers nationwide, CEO and President Paul Kusserow told attendees Wednesday at HHCN’s annual summit.
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-Expanding Into Pennsylvania, CareFinders Total Care Doubles Down With Acquisitions of At Home Quality Care and Philadelphia Home Care, Inc.


Expanding Into Pennsylvania, CareFinders Total Care Doubles Down With Acquisitions of At Home Quality Care and Philadelphia Home Care, Inc.

News provided by
Dec 03, 2019, 17:15 ET
HASBROUCK HEIGHTS, N.J., Dec. 3, 2019 /PRNewswire/ — CareFinders, the fastest-growing home healthcare provider in the Northeast region, has expanded its footprint into Pennsylvania with the addition of At Home Quality Care, a leading provider of personal home care services based in Clarks Summit, PA, and an acquisition of Philadelphia Home Care, Inc., a leading home care provider in the Philadelphia area.
These acquisitions are an important step for CareFinders’ growth and expansion strategy. CareFinders is the largest personal home care company in NJ, with 19 offices and a recent expansion to three offices in Connecticut. CareFinders’ move into Pennsylvania with these two acquisitions will give the company six additional offices and will increase its geographic footprint throughout the Northeast to three states.
In announcing the latest CareFinders’ acquisitions, CareFinders CEO, Jim Robinson, said, “Both At Home Quality Care and Philadelphia Home Care represent premier home care agencies in the markets they serve in Pennsylvania, offering both Medicaid and Private Pay personal care services. These newest members of the CareFinders family of companies have impeccable reputations for high-quality, personalized care. With our expanded footprint in Pennsylvania, these acquisitions take us one step closer to our goal of becoming the #1 Home Care Services company in the Northeast.”
CareFinders has become a significant personal care service provider over the last few years, with platform acquisitions in key, densely populated geographies in the Northeast. These PA acquisitions are consistent with the central elements of the CareFinders’ acquisition strategy, and they build on its already strong presence in states with expanding Medicaid benefits to the elderly population. 
CareFinders’ acquisitions of At Home Quality Care and Philadelphia Home Care fit uniquely with the company’s strategic growth and culture goals. “All of our companies share a common mission based on creating positive experiences between our clients and caregivers,” said Robinson. “We’re excited to have these Pennsylvania teams join our Care Finders family to further our commitment to ensure our patients enjoy the highest quality care in the comfort of their home.”
About CareFinders Total Care, LLC
CareFinders is the largest personal home care agency in New Jersey and provides home healthcare services to over 8,500 patients throughout New Jersey, Connecticut and Pennsylvania from 28 offices. CareFinders was founded in 1995 and in New Jersey is accredited by the Commission on Accreditation on Home Care (CAHC). It employs over 8,000 Certified Home Health Aides and over 180 Registered Nurses and LPNs. For more information, visit www.carefinders.org or contact Linda Mintz, Co-Chairman at 551-223-1911.
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Acorn Health Acquires Behavior Therapy Specialists in O’Fallon, IL | Business Wire

MM 1 Sentence Summary- Behavior Therapy Specialists joins Acorn Health which will expand ABA services in Illinois and gives them operations in Michigan, Florida, Virginia, and Illinois. 

Acorn Health Acquires Behavior Therapy Specialists in O’Fallon, IL

December 09, 2019 05:28 PM Eastern Standard Time
MIAMI–(BUSINESS WIRE)–Acorn Health is pleased to announce that Behavior Therapy Specialists (BTS) in O’Fallon, IL has now joined the Acorn Health family. Behavior Therapy Specialists will serve as a regional platform for providing high quality home- and center-based Applied Behavior Analysis (“ABA”) services to children and adults diagnosed with autism in Southern Illinois and Northern Missouri. With this acquisition, Acorn Health now has operations in Michigan, Florida, Virginia and Illinois, and continues to look for partnerships with high-quality provider groups in existing and adjacent new markets.
Acorn Health is pleased to announce that Behavior Therapy Specialists in O’Fallon, IL has now joined the Acorn Health family.
“We are excited to have Behavior Therapy Specialists join the Acorn Health family, led by their founders, Jenna Kokoski M.Ed., BCBAn and Jessica Dow, M.Ed., BCBA,” said Vicki Kroviak, CEO of Acorn Health. “As our partners, Jenna and Jessica, and their clinical team will help us grow our ability to deliver top quality ABA services to families in need in the Southern Illinois area.”
Autism has been recognized as the fastest growing developmental disability, and identifying at-risk children by two years of age leads to the highest likelihood of early intervention. Research suggests that early intervention programs are beneficial for children with autism spectrum disorder, often improving developmental functioning and decreasing maladaptive behaviors and the severity of symptoms. ABA is one of the most researched and widely accepted forms of behavior therapy for children with autism, and at Acorn Health, clinicians work closely with each family to help their children find their strengths and develop independent, meaningful lives.
“We are thrilled to be expanding our ABA services via our partnership with BTS,” said Krista Boe, a Board-Certified Behavior Analyst (BCBA) and Acorn Health’s Chief Clinical Officer. “Behavior Therapy Specialists’ clinical team has been serving clients in the area for years and Acorn Health looks forward to working with them to provide additional support and treatment options for local Illinois families.”
Behavior Therapy Specialists is now a wholly-owned subsidiary of Acorn Health – a national provider of Applied behavior analysis therapy, with locations in Michigan, Virginia, Florida, and now, Illinois. To learn more about Behavior Therapy Specialists: www.behaviortherapyspecialists.com. To inquire about services at Behavior Therapy Specialists, please call 618-206-8816.
Acorn Health
Celebrate Difference, Realize potential.
833-226-7633, in**@*********th.com
To learn more about Acorn Health: www.acornhealth.com

Contacts

Media Contact Information:
Behavior Therapy Specialists
Jenna Kokoski

Acorn Health

Release Summary

Acorn Health is pleased to announce that Behavior Therapy Specialists in O’Fallon, IL has joined the Acorn Health family.

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InSight Telepsychiatry and Regroup Announce Merger to Become Largest Telepsychiatry Provider in US | Business Wire


InSight Telepsychiatry and Regroup Announce Merger to Become Largest Telepsychiatry Provider in US (highlighted)

December 10, 2019 01:10 PM Eastern Standard Time
PHILADELPHIA & CHICAGO–(BUSINESS WIRE)–InSight Telepsychiatry and Regroup Telehealth have merged to become the largest and most comprehensive telepsychiatry service provider in the US.
“Geoffrey and the leadership team are highly regarded by both the mental health provider community and their partners. This next phase of growth will continue to improve access to mental health care for underserved individuals, facilities and communities”
The merger between InSight and Regroup brings together a robust network of providers and an impressive group of clinical and executive leaders with extensive experience and expertise across different care settings and patient populations for underserved individuals and communities. This joint effort will allow for increased delivery of mental health services across the country in response to a nationwide shortage of specialists coupled with a rising need for behavioral health services.
“InSight is excited about the merger with Regroup and the opportunities it represents. Our organizations are remarkably similar in terms of culture, values and vision for the future. By combining our passion, drive and efforts, we will continue to set the standard for telepsychiatry delivery, leading the way to unprecedented access to care to those who need it most,” said Geoffrey Boyce, CEO of InSight and the new combined organization. “This merger allows us to align our shared goals, operational efficiencies and established models to offer scalable solutions across the continuum of care.”
InSight Telepsychiatry, based in Mt Laurel, NJ, has more than twenty years of telepsychiatry experience and serves hundreds of organizations in various settings with its on-demand, scheduled and direct-to-consumer (Inpathy) divisions. Since its inception, InSight has maintained its reputation as a trusted and experienced industry thought leader by upholding a high standard of clinical care and actively advocating for increased adoption of telebehavioral health.
Regroup, founded in 2011 and based in Chicago, brings customized telepsychiatry solutions, technology and comprehensive support teams that contribute to the seamless integration of behavioral health clinicians at partner care sites. With backing from a group of funders including the Hyde Park Angels and Frist Cressey Ventures, Regroup grew quickly. Their clinicians collaborate with onsite care teams on patient care plans and workflows, yielding better behavioral care, shorter wait times and reduced barriers in settings such as primary care clinics, community health centers, hospitals and correctional facilities.
“Regroup is excited to complement our proven approach to integrated telepsychiatry with InSight’s breadth of services, including on-demand services for partners and direct-to-consumer solutions for patients seeking care at home or other care settings of their choice,” said David Cohn, Founder and CEO of Regroup. Cohn will serve as Chief Growth Officer and maintain a seat on the board of directors for the newly combined organization.
Investors in the combined company include Harbour Point Capital, HLM Venture Partners, OCA Ventures, OSF Ventures, and Impact Engine. Ziegler, a specialty investment bank, represented Regroup in the merger process.
“Geoffrey and the leadership team are highly regarded by both the mental health provider community and their partners. This next phase of growth will continue to improve access to mental health care for underserved individuals, facilities and communities,” said David Crane, Chairman of the new organization’s board and a Partner at Harbour Point Capital.
“HLM has been a firm supporter of Regroup and is proud to see the impact they have made on how behavioral health services are provided virtually across the US. This merger marks a new chapter where the combined entity will be uniquely positioned to shape the future of the telebehavioral market even further,” said Vin Fabiani of HLM Venture Partners. Fabiani will continue to serve on the new organization’s board of directors.
About InSight Telepsychiatry
Founded by child and adolescent psychiatrist, Jim Varrell, MD, InSight is the leading national telepsychiatry service provider with a mission to transform access to quality behavioral health care through innovative applications of technology. InSight has more than two decades of telepsychiatry experience and serves hundreds of organizations across the country with its on-demand, scheduled services and Inpathy divisions. InSight has led the growth of the telepsychiatry industry and remains an industry thought leader and advocate. To learn more, visit www.InSightTelepsychiatry.com.
About Regroup Telehealth
In partnership with providers at more than 175 care locations across America, Regroup brings individualized mental health services to deliver hundreds of thousands of patient sessions per year. Regroup’s clinician-focused culture attracts highly qualified clinicians that are supported by a dedicated team of recruiting, licensing and credentialing, account management, clinician relations and technical implementation teams. For more information, visit www.regrouptelehealth.com.
The two organizations will continue to utilize their respective names and brands throughout the integration process.

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UnitedHealth buys Virginia Medicare Advantage plan


UnitedHealth buys Virginia Medicare Advantage plan (highlighted)

Morgan Haefner – Monday, October 7th, 2019 
A UnitedHealth Group subsidiary bought a Medicare Advantage plan in Virginia for an undisclosed amount, according to The News and Advance. 
Under the deal, effective Oct. 1, UnitedHealthcare Insurance Company of the River Valley absorbed 5,000 Medicare Advantage members from Piedmont Community Health Plans. Piedmont Select Medicare Advantage members will likely see no change from the sale.
CMS approved the spinoff of Piedmont Select Medicare Advantage on Aug. 29. Under a transition agreement, Piedmont will continue to administer the plans through the end of the year, after which UnitedHealthcare will take over management of the plan.
Lynchburg, Va.-based Centra Health became the owner of Piedmont Community Health Plans in 2015. The health plan still has about 25,000 members in other products.
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Molina Healthcare to Expand New York Presence Through Acquisition of Certain Assets of YourCare Health Plan | Business Wire


Molina Healthcare to Expand New York Presence Through Acquisition of Certain Assets of YourCare Health Plan (highlighted)

October 16, 2019 06:00 AM Eastern Daylight Time
LONG BEACH, Calif.–(BUSINESS WIRE)–Molina Healthcare, Inc. (NYSE: MOH) today announced that it has entered into a definitive agreement to acquire certain assets of YourCare Health Plan, Inc., a not-for-profit subsidiary of Monroe Plan for Medical Care. As a part of the transaction, Molina will assume the right to serve approximately 46,000 Medicaid members in seven counties in the Western New York and Finger Lakes regions. Monroe and its affiliate MP CareSolutions will continue to provide certain management and administrative services related to member care and provider relations.
Molina Healthcare to Expand New York Presence Through Acquisition of Certain Assets of YourCare Health Plan
The purchase price of approximately $40 million will be funded through Molina’s available cash. Subject to the receipt of regulatory approvals and the satisfaction of other customary conditions, the closing of the transaction is expected to occur in early 2020. YourCare’s estimated premium revenue for the full year 2019 is approximately $285 million.
“We look forward to providing high-quality care to YourCare members in close partnership with the New York Department of Health and the provider community in the Western New York and Finger Lakes regions,” said Colleen Schmidt, president of Molina Healthcare of New York. “Molina is excited to partner with Monroe and MP CareSolutions on select services to facilitate access to quality health care and ensure a seamless transition for members and providers. This agreement represents an exciting opportunity to build upon our existing operations in New York and expand into new service areas.”
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed health care services under the Medicaid and Medicare programs and through the state insurance marketplaces. Through its locally operated health plans, Molina Healthcare served approximately 3.4 million members as of June 30, 2019. For more information about Molina Healthcare, please visit molinahealthcare.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains “forward-looking statements” regarding the proposed acquisition by Molina of certain assets of YourCare. All forward-looking statements are based on current expectations that are subject to numerous risk factors that could cause actual results to differ materially. Such risk factors include, without limitation, risks related to: the possibility that the transaction will not be completed on a timely basis or at all; the risk that regulatory or other approvals required for the transaction may be delayed or not obtained, or are obtained subject to conditions that are not anticipated that could require the exertion of management’s time and resources or otherwise have an adverse effect on Molina; the possible attrition in YourCare membership pending the completion of and following the closing of the transaction; the difficulty of maintaining new provider relations and managing potential medical cost increases resulting from potentially unfavorable changes in contracting or re-contracting with providers; the risk that, following the transaction, estimated premium revenue of YourCare or expected synergies and value creation from the transaction may not be realized, or will not be realized within the expected time period; the risk that Molina is unable to accurately estimate incurred but not reported medical costs with respect to this new population; and the risk that unexpected costs will be incurred in connection with the assumption of the YourCare membership or that the expansion to new regions will be more difficult or time consuming than expected. Additional information regarding the risk factors to which the Company is subject to, is provided in greater detail in its periodic reports and filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K. These reports can be accessed under the investor relations tab of the Company’s website or on the SEC’s website at sec.gov. Given these risks and uncertainties, the Company can give no assurances that its forward-looking statements will prove to be accurate, or that any other results or events projected or contemplated by its forward-looking statements will in fact occur, and the Company cautions investors not to place undue reliance on these statements. All forward-looking statements in this release represent the Company’s judgment as of the date hereof, and, except as otherwise required by law, Molina disclaims any obligation to update any forward-looking statements to conform the statement to actual results or changes in its expectations.

Contacts

Investor Contact: Julie Trudell, Ju***********@**************re.com, 562-912-6720
Media Contact: Laura Murray, La**********@**************re.com, 562-506-9208
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Health Alliance Plan Acquisition Of Trusted HP – Michigan Approved

MM 1 Sentence Summary- Health Alliance acquires Trusted HP-Michigan 

Health Alliance Plan Acquisition Of Trusted HP – Michigan Approved (highlighted)

Transaction begins Medicaid expansion in metro Detroit for HAP and Henry Ford Health System
News provided by
Sep 19, 2019, 11:15 ET
Henry Ford Health System and Health Alliance Plan (HAP), a nonprofit health plan and operating unit of , announced today that HAP’s acquisition of Trusted HP – Michigan has received all regulatory approvals and the acquisition became effective on .
Wright Lassiter III, president and CEO, Henry Ford Health System
Dr. Michael Genord, Interim President & CEO, HAP
(PRNewsfoto/Health Alliance Plan,Henry Ford)
Henry Ford and HAP announced in June that HAP had signed a definitive agreement to acquire Trusted HP – Michigan, a Medicaid plan based in Detroit, formerly known as Harbor Health Plan, Inc.  The completion of this transaction solidifies HAP’s re-entrance into the state of Michigan’s Medicaid HMO service area known as Region 10, which includes Wayne, Oakland and Macomb counties.
“Participation in Michigan’s Region 10 Medicaid service area is a key strategic priority for Henry Ford and HAP given our geographical footprint, and this acquisition positions us for Medicaid growth in our primary service area,” said Wright Lassiter III, President and CEO, Henry Ford Health System.  “HAP and Henry Ford are dedicated to using our joint assets and unique integrated health system programs to improve the quality and access to care for this area’s Medicaid patients, which are among our most vulnerable populations.”
HAP acquired Trusted HP – Michigan from Trusted Health Plan Inc., a Washington, D.C.-based managed care organization.  Previously named Harbor Health Plan and ProCare Health Plan, the plan has been operating as a licensed HMO in Michigan since 2000.  As a result of this transaction, Trusted HP – Michigan’s nearly two dozen employees will become HAP employees.
The terms of the agreement provide for a seamless transition for Trusted HP – Michigan members, who will be able to keep their doctor and continue using their services and current ID cards.  There is no impact to current HAP members as a result of this transaction.  The Trusted brand will remain in place through the end of 2019.  Effective January 1, 2020, all Medicaid members will be under one HAP-branded Medicaid name.
“HAP and Henry Ford Health System are focused on providing Medicaid beneficiaries with a differentiated care model focused on value-based care,” said Dr. Michael Genord, interim president and CEO, HAP.  “We are investing in care coordination programs, including those aimed at social determinants of health, to improve the health and well-being of the members we serve.  And we are thrilled that this now includes Trusted’s Medicaid members, most of whom are in Wayne County.”
HAP serves 570,000 total members across Michigan.  HAP’s subsidiary, HAP Midwest Health Plan, offers Medicaid products under the HAP Empowered name. HAP Empowered is currently available in Region 6, which includes Genesee, Huron, Lapeer, Sanilac, Shiawassee, St. Clair and Tuscola counties. Covered Medicaid programs offered through HAP Empowered include health care coverage for people impacted by the Flint water crisis, MIChild, Healthy Michigan Plan and Children’s Special Health Care Services.
HAP also participates in the MI Health Link Dual Demonstration Project, serving 4,500 members who are eligible for both Medicare and Medicaid in Wayne and Macomb counties, including some of the most underserved areas of Detroit.
About Henry Ford Health System
Henry Ford Health System is a six-hospital system headquartered in Detroit, Michigan. It is one of the nation’s leading comprehensive, integrated health systems, recognized for clinical excellence and innovation. Henry Ford provides both health insurance and health care delivery, including acute, specialty, primary and preventive care services backed by excellence in research and education. Henry Ford Health System is led by President & CEO Wright Lassiter III. Visit HenryFord.com to learn more.
About Health Alliance Plan
Health Alliance Plan (HAP) is a Michigan-based, nonprofit health plan that provides health coverage to individuals and companies of all sizes. For nearly 60 years, HAP has partnered with leading doctors and hospitals, employers and community organizations to enhance the health and well-being of the lives it touches. HAP offers a product portfolio with six distinct product lines: Group Insured Commercial, Individual, Medicare, Medicaid (using the HAP Empowered name), Self-Funded and Network Leasing. HAP excels in delivering award-winning preventive services, disease management and wellness programs, as well as personalized customer service. For more information, visit www.hap.org.
SOURCE Henry Ford Health System; Health Alliance Plan

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