Peoples Health, a Metairie-based Medicare Advantage Plan provider, confirmed Thursday (June 7) that it has entered into an agreement to be purchased by UnitedHealthcare, a managed healthcare company and the largest health insurer in the U.S.
A spokesperson for Peoples Health confirmed the agreement with UnitedHealthcare, based in Minnetonka, Minnesota, and issued the following statement:
“Joining with UnitedHealthcare preserves our foundation as a local company with deep ties to Louisiana while creating greater stability and enhancing what we offer to the people we serve. There’s no better partner for us as we look to navigate a rapidly changing industry and grow into an even stronger health plan.”
The terms of the deal were not disclosed.
UnitedHealthcare also confirmed the agreement, which is pending regulatory approvals, and said in a statement: “Our joining together will lead to an expanded choice of affordable plan options for Louisiana seniors and build on Peoples Health’s high-touch, personalized approach to taking care of members.”