McLaren Health Plan to Acquire Medicaid HMO

McLaren Health Plan, owned by McLaren Health Care in Flint, Mich., has announced an agreement to purchase CareSource Michigan, a 34,500-member Medicaid health maintenance organization in Lansing, Mich.

The transaction would expand McLaren Health Plan's market for Medicaid managed care from 30 to 53 Michigan counties. The Michigan Office of Financial and Insurance Regulation must review and approve the proposed transaction before it is final.  

CareSource Michigan is operated by CareSource in Dayton Ohio, one of the largest Medicaid managed healthcare plans in the nation.

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