McLaren Adds CareSource's Mich. Medicaid HMO Business

Law360, New York (April 19, 2012, 6:15 PM EDT) -- A McLaren Health Care Corp. unit will scoop up the Michigan Medicaid health maintenance organization operations of industry giant CareSource in a merger that will nearly double its own HMO's geographic coverage in the state, the company announced Thursday.

The proposed deal to pick up CareSource Michigan will add 34,500 members to McLaren Health Plan's current pool of more than 80,000 Medicaid HMOs and will boost its current 30-county presence into 23 new counties. Pending approval from the Michigan Office of Financial and Insurance Regulation, the...
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