Blue Cross Blue Shield of New Mexico is buying the Lovelace Health Plan.
The Albuquerque Journal reports the companies have agreed to a long-term provider agreement that will allow Lovelace Health Plan members a seamless transition and ensure continuity of members' care.
The Lovelace Health Plan currently serves 108,000 members in New Mexico.
Under the agreement, LHP members will continue to have access to the physicians, hospitals, pharmacies, clinics and services of the current Lovelace provider network.
Lovelace said it was unclear what would happen to the Health Plan's 350 employees.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.