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Premera Blue Cross gets go signal for contract acquisition

Premera Blue Cross received federal approval for its acquisition of Soundpath Health Inc.'s Medicare Advantage contract.

The acquisition, green lighted by the Centers for Medicare and Medicaid Services, will increase Premera Blue Cross' customer base to 37,000 from 18,000. The company will offer plans in the Washington counties of King, Pierce, Snohomish, Skagit, Whatcom, Lewis, Thurston, Spokane and Stevens.

Soundpath Health customers will continue to receive their current benefits until the end of 2018.

The acquisition takes effect Jan. 1, 2019.