Cone Overall health and Novant Wellbeing Inc. reported Wednesday that have signed a letter of intent in which Novant has agreed to make an investment decision in a Medicare Advantage prepare owned by Cone.
The not-for-revenue health care methods explained they are in the owing diligence stage. The deal is topic to the customary regulatory evaluations.
Treatment N’ Care Insurance policy Co. of North Carolina Inc., performing organization as HealthTeam Advantage, is a wholly owned subsidiary of Cone, incorporated in 2015.
HealthTeam Gain at this time provides protection for extra than 15,000 Medicare beneficiaries in seven North Carolina counties: Alamance, Davidson, Davie, Forsyth, Guilford, Randolph and Rockingham.
“Cone Well being maintains bulk ownership, and this investment decision of funds will make it possible for HTA to develop into extra markets,” Dr. Mary Jo Cagle, Cone’s chief govt, stated in a statement.
HTA features all the advantages of unique Medicare, additionally additional positive aspects, these as dental, eyesight, listening to and health along with Medicare Section D prescription protection. In addition, associates are assigned a individual wellness care concierge to get in touch with for solutions to prepare concerns and options for care.