FOR IMMEDIATE RELEASE
Tuesday, November 08, 2011

Contact:

Colleen Thompson, Marketing Manager
(541) 684-5453, colleen.thompson@pacificsource.com

PacificSource Health Plans to Purchase a Portion of New West Health Services’ Commercial Business

Helena, MT – November 8, 2011 – On November 4, 2011, PacificSource Health Plans signed a binding letter of intent to purchase large employer, small employer, association, and individual commercial health insurance business from New West Health Services. Separately, New West announced plans to exit the commercial market. This purchase agreement between New West and PacificSource will ensure these New West customers continue to have access to a high quality, affordable health insurance plan. Subject to regulatory approval, the purchase will bring approximately 9,000 new members to PacificSource.

PacificSource Health Plans already serves 1,500 members in Montana, and more than 261,000 members throughout Idaho, Oregon, and Washington. The arrangement is in line with the independent, not-for-profit insurer’s strategic goals and mission, to help people get the healthcare they need.

“Montana is an important market for us as we’ve been able to make a difference in similar markets through our community health plan approach,” said Ken Provencher, PacificSource Health Plans CEO. “We look forward to working with providers and employers in the region to further this approach, and are excited about the opportunity to serve New West customers as PacificSource members.”

PacificSource is dedicated to improving the overall health of the communities it serves. Through collaboration with regional healthcare providers, PacificSource supports the implementation of new healthcare delivery models aimed at improving the health of populations, creating an exceptional patient experience and reducing the overall cost of care. 

About PacificSource Health Plans

PacificSource Health Plans is an independent, not-for-profit community health plan serving the Northwest. Founded in 1933, PacificSource is based in Eugene, Oregon, with local offices throughout Oregon and in Idaho and Montana. The PacificSource family of companies employs 600 people, serves more than 261,000 individuals, and has 6,200 employer clients throughout the Northwest. PacificSource Community Health Plans, Inc. is a subsidiary of PacificSource Health Plans and markets Medicare Advantage products under the name PacificSource Medicare.

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Last updated 7/5/2013