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  6. Priority Health Acquires PHPNI

M&A Deal Summary

Priority Health Acquires PHPNI

On June 19, 2024, Priority Health acquired insurance company PHPNI

Acquisition Highlights
  • This is Priority Health’s 1st transaction in the Insurance sector.
  • This is Priority Health’s 1st transaction in the United States.
  • This is Priority Health’s 1st transaction in Indiana.

M&A Deal Summary
Date 2024-06-19
Target PHPNI
Sector Insurance
Buyer(s) Priority Health
Deal Type Add-on Acquisition
Advisor(s) Cain Brothers & Co. (Financial)
Faegre Drinker Biddle & Reath (Legal)

Target

PHPNI

Fort Wayne, Indiana, United States
PHPNI is a commercial health plan offering employer-sponsored benefits and third-party administration to more than 52,000 members primarily across Indiana and Ohio. PHPNI is a community-based provider cost-efficient and innovative health care solutions. PHPNI was formed in 1983 and is headquartered in Fort Wayne, Indiana.

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Buyer(S) 1

Buyer

Priority Health

Grand Rapids, Michigan, United States
Category Company
Founded 1986
Sector Insurance
DESCRIPTION

Priority Health provides an extensive portfolio of health benefits options for employer groups and individuals, including Medicare and Medicaid plans. Serving more than 1.3 million members each year and offering a broad network of primary care physicians. Priority Health was founded in 1986 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
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