Cone Health and Novant Health have signed an agreement to co-own HealthTeam Advantage — a Medicare Advantage company owned by Cone Health, which will retain a majority stake.
The two organizations cited expanded consumer access to care and coverage as the reason behind the transaction in a Sept. 29 news release shared with Becker's.
HealthTeam has 15,000 members in seven North Carolina counties. Final regulatory approval of the deal is expected later this year.