Zing Health Enterprises, a physician-founded-and-led provider of Medicare Advantage health plans, has signed definitive documents to acquire Lasso Healthcare Insurance Company. The planned acquisition broadens Zing Health’s geographic footprint into 32 additional states. Financial terms were not disclosed. The acquisition is expected to close in the third quarter of 2021. Once the transaction is complete, nearly all the current employees of Lasso Healthcare are expected to join the Zing Health team and will continue to lead its local operations.
Lasso Healthcare was founded in 2018, and is based in Harrisburg, Pennsylvania. The company offers Medicare Advantage plans in 34 states and the District of Columbia. Its insurance offerings currently cover more than 6,000 members. Lasso Healthcare offers a new consumer-directed Medicare Advantage product, called a Medicare Medical Savings Account Plan. For the Medicare Medical Savings Account Plan, Lasso Healthcare deposits money from Medicare into members’ accounts. Members can then decide to spend, save, or invest the funds.
Founded in 2019, Zing Health is a tech-enabled insurance company making Medicare Advantage the best it can be for individuals aged 65 and over or with a long-term disability. Zing Health’s community-based approach addresses the social determinants of health to keep individuals and communities healthy while returning the physician and the member to the center of the healthcare equation. This gives each member personalized care and service tailored to their singular needs. Members also receive individualized assistance to make their transition to Zing Health as easy as possible. They have the ability to personalize their plans, access to facilities designed to help them better meet their health care needs and a dedicated care team.
This was reported by Zing Health on May 19, 2021.
Contact information: Eric E. Whitaker, M.C., Founder and Chief Executive Officer, Zing Health, 303 W. Madison Street, Suite 800, Chicago, Illinois 60606; 866-946-4458; Email: firstname.lastname@example.org; Website: https://www.myzinghealth.com/
Contact information: Craig Ritter, Chief Executive Officer, Lasso Healthcare, P.O. Box 60690, Harrisburg, PA 17106; 866-766-2583; Email: email@example.com; Website: https://lassohealthcare.com/