Cigna HealthCare has acquired Sagamore Health Network, the largest leased healthcare provider network in Indiana, for an undisclosed sum, the insurer announced.
Sagamores approximately 300,000 members have access to a provider network of 9,400 primary-care physicians, 26,600 specialists, 1,100 other providers and 210 hospitals, serving Indiana and parts of Kentucky and Ohio.
Cigna already has 150,000 medical plan members and 110,000 dental plan members in Indiana, and was under a limited shared-network agreement with Sagamore, signed earlier this year.
Sagamore will continue to operate under its own brand, Cigna officials said.
In a leased-network arrangement, a network leasing organization contracts with physicians and hospitals for discounted rates. The leasing organization sells access to that network of providers to insurers, managed-care organizations and third-party administrators. -- by Rebecca Vesely