Blue Care Network of Michigan, Southfield, has struck a deal to acquire the membership of Physicians Health Plan of Mid-Michigan from Sparrow Health System, Lansing.
Mid-Michigan was founded in 1980 as an HMO and now has 80,000 members, including 18,000 in Medicaid managed care. The transaction, the terms of which were not disclosed, requires approval from the Michigan Office of Financial and Insurance Regulation and the Michigan Community Health Department.
Sparrow President and CEO Dennis Swan said in a news release that the deal would “strengthen our ability to care for and serve Mid-Michigan’s families” and that choosing Blue Care Network as a buyer will allow most Physicians Health Plan members to keep their providers because of significant overlap in the provider networks.
