SSM Health and Medica, a nonprofit health plan headquartered in Minnesota, will form a strategic partnership in which Medica invests in Madison-based Dean Health Plan of Wisconsin, a subsidiary of SSM Health. The agreement is expected to be finalized sometime during the fourth quarter of this year, pending necessary regulatory approvals.
The two companies will maintain their respective health plan brands and products, which include those under the Medica name along with Dean Health Plan, Prevea360, and WellFirst Health. According to SSM Health and Medica, members, employers, and providers can look forward to enhanced products and services, but there will be no near-term changes.
“This relationship, with its deep local focus, is an opportunity to further enhance the tools available to members, employers, brokers, and others and improve the overall health care experience for everyone we serve,” states Les McPhearson, president of Dean Health Plan, which has nearly 500,000 members in Wisconsin, Missouri, Illinois, and Oklahoma.
