State Officials’ Skepticism Stymies Elevance-BCBSLA, SCAN-CareOregon Deals
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Feb 16, 2024
This week, a growing chorus of criticism from state officials effectively stopped two proposed health insurer combinations in their tracks.
One industry observer says SCAN Group and CareOregon’s now-scuttled deal, as well as Elevance Health, Inc.’s beleaguered bid to purchase Blue Cross Blue Shield of Louisiana, offer valuable lessons for companies hoping to combine in the future.
“In both cases, the organizations proposing the merger spent over a year trying to convince stakeholders that the deal was a good thing, and after multiple efforts to generate support for the decision, gave up when that support did not materialize,” Michael Abrams, managing partner of the consulting firm Numerof & Associates, tells AIS Health, a division of MMIT.
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