Becker's Healthcare January 17, 2025
Springfield, Mass.-based Baystate Health’s planned sale of its insurance subsidiary, Health New England, to Point32Health has collapsed, the health system confirmed to Becker’s.
Point32Health, the nonprofit formed by the 2021 merger of Tufts Health Plan and Harvard Pilgrim Health Care, reached a definitive agreement to acquire Health New England in February.
The $165 million deal was unanimously approved by both boards and recently received approval from state insurance regulators. It was expected to close at the end of 2024, but ultimately fell apart.
After “further analysis,” the sale of Health New England will not be completed, Baystate said in a statement shared with Becker’s.
“Point32Health and Baystate Health will continue their in-network relationship for Point32Health...
Today's Sponsors
Today's Sponsor