UnityPoint reports weaker financial results
UnityPoint Health experienced weaker financial results in its most recent quarter as the West Des Moines, Iowa-based health system struggled with lower admissions and the integration of an acquisition that took it into the insurance space.
Meriter Health Services in Madison, Wis., had agreed to become a UnityPoint affiliate, giving UnityPoint its first presence in the Badger State. The not-for-profit Meriter includes a 301bed hospital and for-profit Physicians Plus Insurance Corp. The organization officially joined UnityPoint in January.
Meriter’s health insurance arm lost $46 million from fiscal 2012 through the first six months of fiscal 2013. The deal marks UnityPoint’s debut in the insurance market.