Independence Blue Cross and Blue Cross Blue Shield of Michigan finalize arrangement to expand services to Medicaid beneficiaries nationally through AmeriHealth Mercy

IBC holds majority of the Medicaid company; BCBSM gains minority interest

Press Release

December 1, 2011
Philadelphia, PA - Two of the nation's largest Blue health insurers, Independence Blue Cross (IBC) and Blue Cross Blue Shield of Michigan (BCBSM), announced today they have closed their transaction and finalized their arrangement to expand services to Medicaid beneficiaries nationally through the AmeriHealth Mercy Family of Companies, a top-tier, best-in-class Medicaid managed care organization headquartered in Philadelphia.

"We're excited to move forward in this progressive partnership with Blue Cross Blue Shield of Michigan to pioneer new health care solutions in the Medicaid market nationwide," said Daniel J. Hilferty, IBC's president and CEO. "Through this arrangement, AmeriHealth Mercy and its expert, experienced professionals are poised to provide industry-leading Medicaid managed care services to states, Blue plans, and others, and widen access to quality care in communities across America."

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Fact Sheets

• Independence Blue Cross - Corporate Fact Sheet
• Independence Blue Cross - At a Glance
• Blue Cross Blue Shield of Michigan - At a Glance
• AmeriHealth Mercy Family of Companies - Corporate Fact Sheet
• Medicaid - Fact Sheet

Executive Biographies

• Daniel J. Hilferty
  President and CEO, Independence Blue Cross

• Daniel J. Loepp
  President and CEO, Blue Cross Blue Shield of Michigan
• Michael A. Rashid
  President and CEO, AmeriHealth Mercy Family of Companies

News Briefing Call

• Read the transcript of the August 9, 2011 Independence Blue Cross of Philadelphia and Blue Cross Blue Shield of Michigan conference call.

Partnership Announcement

• Read the original August 9, 2011 News Release about the Independence Blue Cross of Philadelphia and Blue Cross Blue Shield of Michigan partnership.

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Independence Blue Cross and Blue Cross Blue Shield of Michigan will be partnering to expand services to Medicaid beneficiaries nationwide through AmeriHealth Mercy. From left to right: Daniel J. Hilferty, Independence Blue Cross president and CEO; Daniel J. Loepp, Blue Cross Blue Shield of Michigan president and CEO; and Michael A. Rashid, AmeriHealth Mercy Family of Companies president and CEO.

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Independence Blue Cross	Blue Cross Blue Shield of Michigan	AmeriHealth Mercy Family of Companies