Fairview Health Services (Minneapolis, MN) acquired PreferredOne Corp (Minneapolis, MN) for an undisclosed amount. The health system previously held a fifty percent share in the insurer, but has bought the remaining half from two other health organizations. Fairview also gave PreferredOne an $18.75 million loan in April 2015, a deal that included options to increase its ownership share. A Fairview statement said the acquisition would bring expertise in care management, population health, and risk management to the health system. The insurer has been taking losses in its state health exchange operations but doing comparatively well as a third-party administrator for self-insured employers.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.