Business & Finance
McLaren Health Care acquires MDwise to be one of the region's largest provider-sponsored plans
4 January 2018 -

Health network company McLaren Health Care disclosed on Wednesday the completion of the acquisition of MDwise following approvals by the Indiana Department of Insurance and other regulators for an undisclosed value

Via this acquisition, McLaren establishes first operations outside the state of Michigan, grows the system's health plan assets to jointly serve more than 620,000 individuals as well as makes it one of the region's largest provider-sponsored plans.

Following closing, MDwise will continue to operate under its current brand.

Upon closing of the transaction, total revenues for McLaren are expected to approach USD6bn annually. The company expects achieving economies of scale and increased opportunities to share data and best practices to support not only financial operations, but population health efforts and risk-based contracting as well.