Philadelphia Inquirer, The - Health-insurance merger in the works?
The boards of Independence Blue Cross, of Philadelphia, and Highmark Inc., of Pittsburgh, plan to meet separately Wednesday for a vote on merging the state’s two largest health insurers.
“There’s consensus to go forward,” said Patrick J. Eiding, one of the board members of Independence Blue Cross.
The two companies have talked about mergers before without reaching agreement, and the status of on-again, off-again negotiations has been a constant source of talk within the health insurance community.
Although representatives of the nonprofit organizations had little to say publicly yesterday, at least one board member from each side has confirmed next week’s board votes.
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Over the last several weeks, the buzz has picked up as officials from the two companies have briefed health-care industry stakeholders in Harrisburg on the proposed combination, which regulators term a “consolidation.”
One person familiar with those …
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