Photograph: Alexander Soule / Hearst Connecticut Media
Treatment Companions, a Norwalk firm that has grown quickly providing another medical health insurance product underneath the auspices of Obamacare, is combining with a Dallas firm that covers physician’s visits to houses, nursing houses and different settings as a substitute for sufferers touring to clinics.
Treatment and Signify Well being didn’t reveal monetary phrases of the merger, with Treatment having beforehand reported elevating practically $100 million in funding from personal buyers. Each firms backed by New York Metropolis-based New Mountain Capital, with the mixed entity to be led by Signify CEO Kyle Armbrester.
Treatment was based in 2011 by Steve Wiggins, who created Oxford Well being Plans owned right this moment by United Healthcare.
Treatment creates insurance policy of restricted length to cowl particular “episodes of care” in its phrases, by which physicians lay out a deliberate path to treatment a affected person of an ailment. The idea gained traction after the federal authorities put aside supporting funding underneath the Inexpensive Care Act of 2010.
Alex.Soule@scni.com; 203-842-2545; @casoulman