Banking & Finance, Health Care, and Human Resources

Health insurer making acquisition

June 17, 2019
Print
Text Size:
A A
Priority Health doctor and patient
Priority Health says its network of providers features 95 percent of practicing physicians available in Michigan. Photo via fb.com

A local health insurer is acquiring a third-party administrator of health benefits.

Grand Rapids-based Priority Health, part of Spectrum Health, will purchase Southfield-based CAM Administrative Services, or CAMADS, effective July 1, according to Priority Health.

Terms of the deal were not disclosed.

“As close strategic partners for years, we saw an opportunity to formally combine our strengths,” said Rick Morrone, SVP of employer solutions, Priority Health. “Our shared vision, values and culture make this a natural fit.”

CAMADS will continue to operate under its current name and business model.

Organizations working with CAMADS will see no outward change in operations, Priority Health said.

Recent Articles by Justin Dawes

Editor's Picks

Comments powered by Disqus