Back to Insights and Updates for ProvidersMarch 2024

Point32Health to acquire Health New England

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We’re pleased to announce that Point32Health, the not-for-profit parent company of Harvard Pilgrim Health Care and Tufts Health Plan, has signed a definitive agreement with Baystate Health to acquire its subsidiary, Health New England.

Health New England, a not-for-profit health plan in Springfield, offers a range of plans in the Commercial, Medicaid and Medicare markets and serves approximately 180,000 members concentrated in Western Massachusetts. Point32Health offers employer-sponsored plans; Medicare and Medicaid plans; plans on the state exchange and plans for those who are dually eligible for Medicare and Medicaid. Point32Health serves 1.9 million members in Massachusetts, Maine, Connecticut, New Hampshire, and Rhode Island.

The acquisition is expected to improve product offerings and expand access to a broader network with wider geographic reach.

“Preserving and enhancing strong, high-quality, not-for-profit health plans is critical for Massachusetts health care,” said Cain A. Hayes, president and CEO of Point32Health. “We are excited at the possibility of welcoming Health New England into the Point32Health family of companies. As two health plans in the state that serve Commercial, Medicaid and Medicare populations, we have the commitment and expertise to serve people of all socioeconomic backgrounds, especially the underserved, and to improve members’ quality of life through programs and services that improve whole person health.”

The agreement, which was unanimously approved by the Board of Directors of Point32Health and the Board of Trustees of Baystate Health, is subject to regulatory approvals.

For additional information, please refer to this press release. We will share further updates in future issues of Insights and Updates for Providers.

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