Medical Mutual Acquires Paramount Health from ProMedica

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.