Essence Healthcare to Acquire Mutual of Omaha's Medicare Advantage Business
February 24, 2020
Essence Healthcare, a sister company of Lumeris, has reached an agreement in principle to acquire Mutual of Omaha Medicare Advantage Company (MOMAC) and Medicare Advantage Company of Omaha (MAICO). The subsidiaries operate Medicare Advantage plans in Cincinnati, San Antonio, Dallas, Denver and El Paso; Lumeris currently operates the plans and will continue to do so after closing, which is expected by mid-2020 pending regulatory approvals.
- Buyers
- Essence Healthcare
- Targets
- Mutual of Omaha Medicare Advantage Company (MOMAC), Medicare Advantage Company of Omaha (MAICO)
- Sellers
- Mutual of Omaha
- Industry
- Healthcare Services
- Location
- Nebraska, United States
- Transaction Type
- Divestiture
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