Cone Health, Novant Health finalize co-ownership of Medicare Advantage plan

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.

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