Blues To Pick Up Harris Methodist For $100 Million

Blue Cross and Blue Shield of Texas's long-discussed acquisition of Harris Methodist Health Plan will finally occur. After 18 months of negotiation, Harris Methodist agreed to become part of the Blues family for $100 million.

The selling price is a long way down from better days at Harris Methodist — a swing that may be indicative of general trends in the industry. According to the Dallas Morning News, a 1995 state audit listed the HMO's value at the time between $260 million and $280 million.

In other merger developments, New Jersey's attorney general is taking a look at whether Aetna U.S. Healthcare's proposed buyout of Prudential's health insurance business would violate antitrust laws. If the sale is completed, Aetna would control almost 60 percent of HMO-covered lives in Bergen County, N.J., near New York City.

Career Opportunities

HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

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