Alpha Fund Moves Closer to Merger with Beta Healthcare Group

Alpha Fund, a California joint powers authority and self-insured workers’ compensation program, is closing in on a merger with Beta Healthcare Group Risk Management Authority, a JPA and self-insured health care professional liability program. The boards of the two organizations have approved the merger. If a majority of members of both groups approve the deal, the merger is expected to close in January. The resulting entity would be called Beta Risk Management Authority, or Beta RMA. While the merger is pending, both organizations will continue to provide insurance, risk-management and...