Eight months after first announced, the merger between UnitedHealthcare and Grand Junction-based Rocky Mountain Health Plans (RMHP) was officially sealed on March 2, 2017. UnitedHealthcare will pay $36 million for RMHP. As a nonprofit at the time of sale, proceeds will be funneled to Rocky Mountain Health Plans Foundation to support its missions.
The merger will give UnitedHealthcare, the nation’s largest insurer, access to nearly 300,000 mostly western and rural customers in areas where it currently has little presence. Rocky Mountain Health Plans will gain both financial and state-of-the-art technological assets to further its efforts to provide health care services to the western slope and rural Colorado.
Read more in the Denver Business Journal.