Indiana’s largest independent doctor’s group has been sold. The Indiana Business Journal reports that the American Health Network, a 300-doctor practice based in Carmel, plans to sell 80 percent of its ownership to the antion’s biggest health insurer, Minneapolis-based United Health Group.
Combining the companies would also mark the latest ownership twist for the company, which was formed in 1994 by Indianapolis-based insurer Anthem as it was pushing to control health care costs by building its own network of providers.
But the operation racked up millions of dollars in losses in the early years, and Anthem sold the company in 1998 to the network’s doctors. Now the company Anthem created will belong to their biggest competitor.