Long Beach, CA-based Scan Group, best known for its Scan Health Plan that offers Medicare Advantage plans to seniors, has made its second investment in an outside health care company, the Los Angeles Business Journal reports.
Scan made a “strategic investment” in New York-based MedArrive, a health care logistics and services platform that facilitates the extension of emergency and other health care services into patients’ homes.
This move follows Scan Group’s first investment in an outside company when it announced it had invested in Nashville, Tenn.-based kidney care management company Monogram Health back in February.
Financial details for both investments were not disclosed. Taken together, these investments mark a strategic expansion for Scan Group, which began in 1977 when a group of Long Beach seniors got together to coordinate care and services for seniors with the aim of keeping them independent in their own homes. Read more.
