Healthfirst Acquires Neighborhood Health Providers
New York, NY (February 1) – Healthfirst, a not-for-profit managed care plan in downstate New York, announced today that it had closed its transaction to acquire Neighborhood Health Providers (NHP), a 220,000-member Medicaid managed care plan, on January 31, 2013.
Healthfirst is the largest Medicaid managed care plan in downstate New York, as well as one of the largest Medicare Advantage and managed long term care organizations in the region. With the NHP transaction, it serves approximately 940,000 enrollees with about $6 billion in premium revenues.
“We are extremely pleased to have closed on NHP,” said Pat Wang, Healthfirst President and CEO. “The transaction will enhance our efforts to provide excellent customer service to our members and improve quality and innovative care management approaches. It will also strengthen our ability to help implement the recommendations of the New York State Medicaid Reform Team to make care coordination available throughout the Medicaid program.”
Healthfirst is a 940,000-member not-for-profit managed care organization serving the metropolitan New York area and New Jersey. Its provides New York’s Medicaid, Family Health Plus, and Child Health Plus programs to qualified individuals and families, as well as managed long term care services through its subsidiary, Senior Health Partners. Healthfirst is one of the largest Medicare Advantage plans in the region. For more information, visit the company's websites at www.healthfirst.org and www.healthfirstnj.org.
About Neighborhood Health Providers
Neighborhood Health Providers (Neighborhood) is a not-for-profit managed care plan created in 1995 to serve Medicaid clients in certain zip codes of Brooklyn and Queens. Currently, Neighborhood serves all boroughs of New York City and Suffolk County, with more than 218,000 Medicaid Managed Care, Family Health Plus and Child Health Plus enrollees. For more information, visit www.getnhp.com.