Physicians Health Plan of Northern Indiana acquired by Priority Health
Overview
| Deal Type |
Mergers & Acquisitions |
|---|---|
| Client & Transactional Partners |
Physicians Health Plan of Northern Indiana Priority Health |
| Our Role |
Sell-Side Advisor |
Summary
Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive financial advisor to Physicians Health Plan of Northern Indiana.
The planned acquisition of PHPNI expands Priority Health’s presence into Northern Indiana and Ohio. Financial proceeds of the transaction will advance the mission of the PHP Foundation and enhance its ability to support the health and wellness needs of unserved and in-need populations in Northern Indiana communities.
The transaction is expected to close by the end of 2024 after required approvals are completed.
Physicians Health Plan of Northern Indiana, Inc., headquartered in Fort Wayne, Indiana, is a leading commercial health plan offering employer-sponsored benefits to more than 52,000 members across Indiana and the Midwest. PHPNI is a community-based leader in providing cost-efficient and innovative health care solutions by acting with integrity and providing exceptional customer service.
With over 30 years in business in Michigan, Priority Health offers an extensive portfolio of health benefit options for employer groups and individuals, including Medicare and Medicaid plans. Leveraging its broad network of primary care physicians in Michigan, Priority Health continues to be recognized as a leader in quality, customer service, transparency, and product innovation for more than 1.3 million members.
KeyBanc Capital Markets Inc., Member FINRA/SIPC, and KeyBank National Association ("KeyBank N.A.") are separate, but affiliated companies. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives.
Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value
Banking products and services are offered by KeyBank N.A. All credit, loan, and leasing products are subject to collateral and/or credit approval terms, conditions, and availability and subject to change.
