Durham’s Blue Cross and Blue Shield of North Carolina is joining forces with Portland-based Cambia Health Solutions, the parent company of Regence Blue Cross Blue Shield of Oregon, to form a $16 billion affiliation covering more than six million people – with Patrick Conway as CEO.
The two not-for-profits are entering into a strategic affiliation that would mean a long-term management services contract that would include sharing management, administrative, operational and other corporate services together. The new entity will be called Cambia Health Solutions. The headquarters will be located in both Durham, and Portland, Oregon.