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Monday, October 26, 2020  Spokane, Washington  Est. May 19, 1883
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Health Care Merger Gains Final Approval

Compiled From Wire Services

Regulators have given final approval to the $4.6 billion merger of Foundation Health Corp. with Health Systems International to create the country’s fourth-largest health care company.

Monday’s approval was the last hurdle to the merger, which will create a company providing coverage to 5 million members. The combined firm will begin trading on the stock market today under its new name, Foundation Health Systems Inc.

The companies have yet to submit a proposal to link their separate health maintenance organizations, which also must be approved by the state.

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