Tufts Health Plan announced this week it has acquired Medford-based Network Health, adding to the university's health system nearly 180,000 Medicare and Medicaid subscribers, the first expansion for Tufts into the federally funded health care market, the provider said in a statement.
Network Health was previously a subsidiary of Cambridge Health. With the merger, Tufts will insure nearly 925,000 in the state, and will be the only insurer to provide commercial insurance, federally funded care, and state-organized programs run through the Massachusetts Health Connector, according to Tufts.
No changes are currently contemplated for Network Health employees, members, or contracted providers, Tufts said in a statement.
“We look forward to continuing to fulfill our mission to improve the health of underserved individuals and communities under the Tufts Health Plan umbrella, and believe our new relationship only strengthens our ability to deliver high-value products to state government and consumers,” Christina Severin, Network Health president, said in a statement.
The price of the acquisition was not disclosed, and a message to a Cambridge Health Alliance spokesman was not immediately returned.