McLaren Health Care has signed a definitive agreement to acquire MDwise, a non-profit HMO that serves more than 360,000 Indiana individuals and families and generates in excess of $1.5 billion in annual revenue. The transaction, which is subject to state and federal regulatory review and other closing conditions, is expected to be complete by December 31, 2017. Upon completion of the purchase, total revenues for McLaren Health are expected to approach $6 billion annually. ... |