Cone Well being and Novant Wellness Inc. mentioned Wednesday that have signed a letter of intent in which Novant has agreed to make an financial investment in a Medicare Advantage system owned by Cone.
The not-for-income health care units explained they are in the owing diligence phase. The deal is subject matter to the customary regulatory testimonials.
Care N’ Treatment Insurance plan Co. of North Carolina Inc., doing enterprise as HealthTeam Edge, is a wholly owned subsidiary of Cone, incorporated in 2015.
HealthTeam Edge at the moment gives protection for more than 15,000 Medicare beneficiaries in 7 North Carolina counties: Alamance, Davidson, Davie, Forsyth, Guilford, Randolph and Rockingham.
“Cone Health maintains greater part possession, and this investment decision of cash will make it possible for HTA to grow into extra marketplaces,” Dr. Mary Jo Cagle, Cone’s chief govt, reported in a assertion.
HTA offers all the positive aspects of original Medicare, furthermore excess rewards, these types of as dental, eyesight, hearing and conditioning alongside with Medicare Part D prescription coverage. In addition, customers are assigned a own health care concierge to call for solutions to plan issues and solutions for care.
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