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In 1997, Cotton and his wife Shery Cotton founded Meridian Health Plans in Detroit, Michigan. [2] Cotton and his family owned Meridian for two decades, growing it into the largest private provider of Medicaid benefits in Michigan and Illinois. [4] In May 2018, WellCare Health Plans Inc announced that it was buying Meridian for US$2.5 billion ...
A 2013 review showed RBMC operated at a loss and had a debt of $36 million. RBMC could not keep up with the newer insurance models, charity care and the funding of an employee pension plan. [8] [9] 75% of its patients had either Medicare or Medicaid, each having lower reimbursements than commercial insurance. The hospital had to put off capital ...
Wellcare purchased Universal American [32] and Phoenix Health Plan, formerly a subsidiary of Abrazo Community Health Network, a subsidiary of Tenet Healthcare in May 2017. [33] [34] Meridian Health Plans of Detroit, Michigan, was acquired in September 2018. [35] [36] In September 2019, Aetna's Medicare prescription insurance business was ...
Meridian Health Plan Headquarters was a planned highrise in the Campus Martius district of downtown Detroit. [3] The skyscraper would have had 16 stories with office space, ground level retail outlets, a state-of-the-art plaza, and a 9-story, 1,000 space parking deck.
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McLaren Health Care Corporation, headquartered in Grand Blanc, Michigan, includes 12 hospitals in Michigan, ambulatory surgery centers, imaging centers, a 490-member employed primary and specialty care physician network, commercial and Medicaid HMOs covering more than 732,838 lives in Michigan and Indiana, home health, infusion and hospice providers, pharmacy services, a clinical laboratory ...
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