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Mergers & Acquisitions

HIP to acquire PerfectHealth Insurance Co.

Published in Law and Health Weekly, September 24th, 2005

HIP Health Plan of New York has entered into an acquisition agreement with PerfectHealth Insurance Co., a provider of high-deductible health insurance policies in the New York market.

Completion of the transaction is subject to regulatory approval.

HIP, a regional health plan serving the needs of over 1.4 million members, recently launched its first consumer-directed health plan (CDHP), myFund. The purchase of PerfectHealth recognizes the growing interest in consumer-directed healthcare options. In addition, the acquisition will expand the scope of HIP's CDHP product line through the provision of Health Reimbursement Account and Health Savings...

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