Acquisitions of Gundersen Health Plan, Inc., and Unity Health Plans Insurance Corporation and Physicians Plus Insurance Corporation

Last Updated: July 5, 2017

Information on the Acquisition of Control of Gundersen Health Plan, Inc., and Unity Health Plans Insurance Corporation by Iowa Health System d/b/a UnityPoint Health and Physicians Plus Insurance Corporation by University Health Care, Inc., and Gundersen Lutheran Health System, Inc.

On April 13, 2017, pursuant to ss. Ins 40.02 and 40.025, Wis. Adm. Code, Iowa Health System d/b/a UnityPoint Health (UPH) filed, in part, an application to acquire Gundersen Health Plan, Inc. (GHP), and Unity Health Plans Insurance Corporation (Unity). In the same filing, Gundersen Lutheran Health System, Inc. (GHS), and University Health Care, Inc. (UHC), applied to acquire Physicians Plus Insurance Corporation (PPIC). The Applicants also filed the required Form E, Pre-Acquisition Notification Statement of the Potential Competitive Impact of a Proposed Merger or Acquisition, as an exhibit to the Form A filing.

The pending transaction largely mirrors a 2016 transaction between GHS, a not-for-profit health system located in La Crosse, Wisconsin, and UHC, a not-for-profit entity located in Madison, Wisconsin, and is associated with the University of Wisconsin Hospitals and Clinics Authority (UWHCA) and the University of Wisconsin Medical Foundation (UWMF). The 2016 transaction was completed and approved on May 2, 2016, and April 21, 2016, respectively. As a result of the 2016 transaction, GHS acquired an equity interest in Unity, a for-profit health maintenance organization, and UHC acquired a membership interest in GHP, a not-for-profit health maintenance organization. Further, as a result of the 2016 transaction, GHS and UHC became joint owners of Quartz, a management company previously owned by Unity.


Notations on Accessing Information

Financial Information concerning individual insurance companies, including key annual statement pages, may be accessed on the Consumers Information Source section of the National Association of Insurance Commissioners' Web site at http://www.naic.org/cis/.  


Form A and Exhibits Filed with the Wisconsin OCI:

Notice of Hearing