Jessica Bartlett

1 month ago | finance.einnews.com | Jessica Bartlett

Commonwealth Care Alliance will be acquired by Ohio-based nonprofit CareSource, in a move that will preserve coverage and services for nearly 50,000 disabled, elderly and low-income residents of Massachusetts. As part of the transaction, which closed Monday, CareSource will inject $400 million into Commonwealth Care to bring its cash reserves up to required levels and prepare its systems for the merger.

1 month ago | bostonglobe.com | Jessica Bartlett

CEO Chris Palmieri approached Commonwealth Care board members with a demand, according to multiple people with knowledge of the negotiations who spoke on condition of anonymity to discuss sensitive conversations: He wanted a payment guarantee if the insurer was acquired, raising concerns he could walk away and jeopardize a potential deal. The board agreed to provide Palmieri a “success fee” of more than $2 million for an acquisition, according to those people with knowledge of the negotiations.

1 month ago | bostonglobe.com | Jonathan Saltzman |Jessica Bartlett

They include six full-time chaplains — at least half of whom worked directly with patients and families facing health crises and end-of-life decisions. Also laid off: the director of domestic violence programs at Brigham and Women’s Hospital who counseled patients who had survived human trafficking and other abuse; and an employee in Massachusetts General Hospital’s Living Tobacco-Free program who helped hundreds of patients quit smoking each year.

1 month ago | bostonglobe.com | Jessica Bartlett

Point32Health, the owner of Harvard Pilgrim Health Care and Tufts Health Plan, announced Monday that it laid off 110 people due to ongoing financial pressures afflicting insurers throughout the state. The layoffs affected over 2 percent of its 4,200 workforce at all levels of the organization, including mid- to senior-level roles.

1 month ago | bostonglobe.com | Jessica Bartlett

State officials said this week they are preparing in case Commonwealth Care Alliance collapses, in an effort to protect the health care of the struggling insurer’s nearly 50,000 elderly, disabled, and low-income members.