Philadelphia-based nonprofit insurer Independence Health Group Inc. is exploring its “strategic options,” as Independence and others organizations like it consider selling themselves, buying other enterprises or turning themselves into for-profits through initial public offerings.
It’s all part of the consolidation caused by the Affordable Care Act. A euphemism for what Independence Health, et al., is up to is “exploring strategic options.”
The Wall Street Journal reported that “Independence played a key role in gathering as many as 10 nonprofit Blue Cross and Blue Shield insurers in December and January, according to people with knowledge of the matter. In the talks, which were exploratory, the companies discussed combining some operations to share costs or a fuller merger, among other options, these people said.”
