Primary Health has a new investor: Blue Cross of Idaho Health Service, Inc.
The insurer bought a minority stake in the chain of health clinics for an undisclosed amount, according to a news release.
Primary Health says it will put the new infusion of cash towards building out more clinical locations and adding primary care doctors.
“This strategic partnership with Blue Cross of Idaho is the next step in allowing our providers to work directly with payers to coordinate care for their patients,” David Peterman, Primary Health CEO said in a prepared statement. “As a result, patients will receive even better, more coordinated care, with improved health outcomes.”
“We believe we can work with Primary Health to bring an Idaho solution which helps drive down costs and bring innovative care to the Treasure Valley,” Charlene Maher Blue Cross of Idaho President and CEO said in the prepared
The release notes Primary Health will stay independent and will work with a variety of different insurers. Blue Cross will also continue working with a variety of primary care providers.
Primary Health operates 18 locations across Ada & Canyon Counties.