The transaction that would have combined CareOregon, the state’s largest Medicaid insurer, with Providence Plan Partners, the insurance arm of Providence St. Joseph’s Health, the state’s largest healthcare provider, has been called off, spokespersons for both companies tell WW. As WW reported last year, the proposed deal, which was announced last August, caused concerns from advocates who worried that Providence’s affiliation with the Catholic Church could mean the end of reproductive health services including abortions that CareOregon clients might require. Robb Cowie, a spokesman for the Oregon Health Authority, which would have needed to approve a combination of the two companies, said in fact companies never actually filed an application for approval with the state. On Friday, Elise Burke, a spokesperson for CareOregon and Gary Walker, a spokesman for Providence, confirmed that the deal is off.
Read the full article: Providence Health Plan’s Acquisition of CareOregon Will Not Move Forward //
Source: https://www.wweek.com/news/2020/05/15/providence-health-plans-acquisition-of-careoregon-will-not-move-forward