Tufts Health Plan and Harvard Pilgrim Health Care have been in the news.
Our companies announced they have signed an agreement to combine our organizations. We believe this new organization will bring more value to our members and the communities we serve by improving affordability and quality, increasing access, and streamlining and simplifying the customer experience. The new organization will provide health coverage in all segments of the market, regardless of a person's age, income, life circumstance or health status.
This is a great opportunity for two complementary, mission-driven nonprofit health plans to come together. Our organizations share similar missions and workplace cultures, as well as the same commitment to quality.
We also share a rich history of philanthropy, with combined giving of more than $9 million to community organizations in just the last year. No decisions have been made regarding how our Foundations will operate once the new company is formed. Rest assured our commitment to community will remain strong.
Until then, nothing changes. We will continue our grantmaking. If you are a current grantee, your organization will not be affected.
Until we receive regulatory approval and the transaction officially closes, our respective foundations remain independent.
As always, thank you for all you do to make our communities healthy places to grow up and grow old.
Nora Moreno Cargie
President, Tufts Health Plan Foundation
Vice President, Corporate Citizenship, Tufts Health Plan