October/November 2012

CHI Acquires Majority Interest in Medicare Advantage Plan

CHI has acquired a majority interest in Soundpath Health, a provider-owned health care plan based in Federal Way, WA, that offers Medicare Advantage plans. The agreement between the two organizations, which is pending approval by the Washington State Office of the Insurance Commissioner, will transfer a majority interest in Soundpath Health to an affiliate of CHI, which also will manage and operate Soundpath Health. Founded in 2007, Soundpath Health has more than 6,500 providers in its network, offering Medicare Advantage plans to about 17,000 members in nine counties in Washington State.