Independent Health is joining MVP Health Care’s “family of companies,” the two New York-based insurers announced Tuesday. Regulators in the Empire State will have to approve the affiliation agreement, a process which could take about six months.

The two nonprofits currently serve nearly one million members across New York and Vermont, employ 3,000 people in the region, and take in about $7 billion in combined annual revenue.

Leaders from the two companies were vague about the terms of the deal at a press conference Tuesday, but suggested that the entities would remain distinct.

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The affiliation is “not an acquisition,” MVP CEO Chris Del Vecchio said. It is a “true partnership,” added Independent Health C

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