Regional health system Avera Health is buying the DAKOTACARE health insurance company, creating what it says will be the second-largest health insurer in South Dakota.
The two Sioux Falls-based companies announced their intent Thursday. They did not immediately disclose the purchase price.
Avera has been in the health insurance industry since 1999, with Avera Health Plans. With the addition of DAKOTACARE, Avera says it will serve nearly 200,000 members.
DAKOTACARE was created in 1986 by doctors and is the health care plan of the South Dakota Medical Association. Its provider network includes all of South Dakota’s hospitals and nearly all of the state’s physicians and pharmacies.
Avera plans to operate Avera Health Plans and DAKOTACARE as two separate organizations.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
Senator Grassley Adds to Fight for Federal TPLF Disclosure 
Trucking Companies Confront Mounting Diesel, Insurance, Debt Costs 
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
Father and Son Charged With Running ‘Chop-Shop,’ Selling Stolen Cars, Insurance Fraud 
