Providence Health Plans, one of Oregon’s largest insurers, is looking for a buyer

Providence Health Plan, one of Oregon’s largest health insurers, is looking for a new owner.

A top company executive announced the news on Wednesday, March 18, to Providence staff, saying that the market has made it difficult for regional insurance companies to survive. 

The decision to sell was driven by “how the health insurance market has changed and what it takes to sustain that work,” Greg Hoffman, chief financial officer of Providence Health & Services,…