Tufts Health Plan and Harvard Pilgrim Health Care sign definitive agreement to combine organizations

Harvard Pilgrim Health Care and Tufts Health Plan have announced plans to merge, forming what will become one of the region’s largest nonprofit health services organizations.

The new organization is yet to be named and will provide health coverage in all segments of the market. The board of directors will comprise equal representation from both organizations and will be chaired by Joyce Murphy, who currently serves as chair of the board for Harvard Pilgrim Health
Care, it was announced Wednesday.

Tom Croswell, president and CEO of Tufts Health Plan, will serve as CEO of the new organization. Michael Carson, who serves as president and CEO of Harvard Pilgrim Health Care, will work as president and oversee the organization’s business lines and subsidiaries.

“Through the combination of two strong organizations with a commitment to non-profit health care in New England, we will be able to provide even greater value to consumers, as well as improve access to care throughout the region,” said Murphy.

“Building upon our collective synergies and strengths – which includes being among the top-rated health plans in the country for quality – will unlock value that can be immediately reinvested in our members and the communities we have the privilege of serving,” said Greg Tranter, chair of the board for Tufts Health Plan. “I am excited about the future.”

“Our communities and consumers today face four major hurdles in health care: affordability, access, quality of health and a fragmented health care experience across various stakeholders and health systems. Through our shared vision, we believe we can tackle these issues and bring more value to the communities we serve,” said Croswell.

The new organization will serve close to 2.4 million members in Massachusetts, Maine, Connecticut, New Hampshire and Rhode Island, offering employer-sponsored plans, Medicare and Medicaid plans, qualified health plans and plans for those who are dually eligible for Medicare and Medicaid.

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