Blue Cross and Blue Shield of North Carolina and Portland, Ore.-based Cambia Health Solutions Inc. will merge their managements into a combined structure under the Cambia name.
The companies will share management, administrative, operational and other corporate services. The combined structure's board of directors will consist of 10 members from Blue Cross and Blue Shield of North Carolina's current board of trustees and nine members from Cambia's current board of directors.
Blue Cross and Blue Shield of North Carolina will keep its own separate board of trustees and name. The two companies will remain not-for-profit entities.
Mark Ganz, president and CEO of Cambia, will serve as the executive chair of the combined structure's board of directors. Patrick Conway will serve as CEO and remain chief executive of Blue Cross and Blue Shield of North Carolina.
Cambia's health plans include Regence BlueCross BlueShield of Oregon, Regence BlueShield in Washington, Regence BlueShield of Idaho and Regence BlueCross BlueShield of Utah.
The combination is subject to regulatory approval in North Carolina, Oregon, Washington, Idaho and Utah.