Elevance Health sells 30-acre, $76.2M campus in Virginia

Elevance Health has sold 580,000 square feet of office space in Richmond, Va., Richmond Bizsense reported Dec. 20. 

Advertisement

The insurer sold the 30-acre property with two buildings to Kinsale Capital Group, a specialty insurance company based in Richmond, for $76.2 million. 

Kinsale plans to renovate one of the buildings for its use, the company’s CEO told Richmond Bizsense. Elevance will continue to occupy the second building on a long-term lease. 

Advertisement

Next Up in Workforce

  • Payers are continuing to trim their workforces amid financial pressures, growing medical and pharmacy utilization, Medicaid funding cuts and strategic…

  • Point32Health is laying off approximately 100 employees, or 2.3% of its workforce. “We regularly review our organization to ensure our…

  • Humana’s President and CEO Jim Rechtin was paid $18.8 million in total compensation in 2025, the insurer said in regulatory…

Advertisement

Comments are closed.