Medical Mutual Acquires Paramount Health from ProMedica
January 29, 2024
Medical Mutual of Ohio has agreed to acquire Paramount Health, the ProMedica-owned health insurance company based in Toledo, Ohio, pending regulatory approval with the deal expected to close by May 1, 2024. Paramount will operate as a wholly owned subsidiary of Medical Mutual and continue offering its Medicare Advantage, Individual ACA, commercial group and short-term plans while Paramount employees transition into Medical Mutual.
- Buyers
- Medical Mutual
- Targets
- Paramount Health Care
- Sellers
- ProMedica
- Industry
- Insurance
- Location
- Ohio, United States
- Transaction Type
- Divestiture
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