Cross and Blue Shield of Montana along with Blue Cross of Idaho are buying an Idaho company that provides health products and employee-benefit administration services and merging it with a similar Montana company.
The insurance companies have acquired Peak 1 Administration of Coeur d’Alene, Idaho and merged it with Blue Cross subsidiary Insurance Coordinators of Montana, which is based in Helena.
The Independent Record reported the company will operate under the name of Peak 1 Administration. Insurance Coordinators serves customers in Montana, Idaho, Wyoming, Washington and Oregon.
Officials declined to discuss the purchase price.
Peak 1 President Dan Crawford says the merger allows them to increase the services they offer and expand the area they serve.