Globalhealth Acquires Medicare Advantage Plans

FROM STAFF REPORTSTULSA — GlobalHealth insurance company plans to hire 50 employees in Oklahoma City and Tulsa to transition the Oklahoma business of a Houston-based company that offers Medicare Advantage preferred provider plans, the company announced on Tuesday. GlobalHealth has acquired Today’s Options of Oklahoma, which provides Medicare Advantage plans to nearly 6,000 Oklahoma seniors under the product name Generations Healthcare. The acquisition will allow GlobalHealth to continue to expand its market share and “provide more Oklahomans with access to affordable health care,” Chief Executive Scott Vaughn said. Since Vaughn, a former partner with BKD CPAs & Advisors, took GlobalHealth’s CEO position four years ago, the company and the Oklahoma City clinic, which employ 230, have increased annual revenues from $95 million to $170 million, he told The Oklahoman in April. Vaughn attributed the jump to competitive pricing and improved customer service. GlobalHealth, which in February was bought by New York-based equity firm Kinderhook Industries, offers the most popular, and lowest-cost insurance plan — a home maintenance organization — among those available to state employees.Read more on NewsOK.com