Clear Spring Health is pleased to announce that its acquisition of Community Care Alliance of Illinois, NFP has received regulatory approval from Illinois regulators, the supervising Circuit Court, and federal regulators. The acquisition ensures continuing coverage and service to all CCAI policyholders.
CCAI will continue to operate from its current location, but will now be a part of the Clear Spring Health organization and brand, effective immediately. This will not impact existing policyholders who will continue to be covered and access services as normal.
“We’re committed to making this transition as seamless as possible from both customer service and operational standpoints,” said Arthur Carlos, President & CEO of Clear Spring Health. “That means continued coverage for all policyholders, without any changes to their medical or prescription coverage, including which providers and pharmacies they can access.”
This acquisition is another step in CSH’s growth strategy, which is based around developing innovative and intuitive products that empower customers and strengthen communities. It also ties into the mission of CSH’s parent company, Group1001, which has a proven track record of building profitable insurance companies with forward-thinking product suites that make insurance easier to buy and easier to use.
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Date: May 20, 2019
Source: Financial Content
