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Windsor just sent out a broker letter saying they've been acquired by Munich Re, parent company of Sterling Life. Appears they decided they want to get into the HMO market.
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I could probably find the numbers for this online, but how big is Sterling? Are they all over the US, regional, or what?The acquisition should be good for all of us. We need more large Medicare Advantage companies to stay in the market. Smaller companies that don’t hit their Star Ratings with CMS may not be able to compete with the big boys.
Below is a section of an email I received from Sterling regarding the acquisition:
“Our parent company, Munich Re, issued a press release earlier today with great news – we have signed a definitive agreement to acquire Windsor Health Group Inc. of Nashville, Tennessee. Our intention is to combine the operations of Windsor with our business here at Sterling, creating a larger and more complete health care organization, with the products, services, distribution channels and resources we need to compete in the years ahead. This transaction is a huge step forward for Sterling.”
Here is a link to the Press Release.
Here is a link to the Bloomberg Article.
I could probably find the numbers for this online, but how big is Sterling? Are they all over the US, regional, or what?
And I'm wondering if the end game of this with Munich is indeed to gobble up some of the smaller regional HMO plans with existing networks, with them having only PFFS with Sterling right now. That would position them to be among the large national players, and like someone said earlier, that sort of strengthens the voice of MA on a national level, which is a good thing for agents, seniors, and the plans themselves.