Baystate Health Approved To Sell Health New England To Point32Health For $165 Million

The Massachusetts Commissioner of Insurance approved Baystate Health’s plan to sell its insurance subsidiary, Health New England, to Point32Health for $165 million. The deal was announced in February 2024. ;

Massachusetts-based Health New England is a not-for-profit health plan operator offering plans in the commercial, Medicaid and Medicare markets. It has about 180,000 members, concentrated in Western Massachusetts.;

Point32Health is a non-profit parent organization formed in January 2021 by combining the Tufts Health Plan and Harvard Pilgrim Health Care organizations. It ;oversees several Massachusetts licensed health maintenance organizations (HMOs) that offer comprehensive . . .