Sentara Healthcare and VCU Health System have finalized the previously announced transaction for joint ownership of Virginia Premier health plan. Sentara Healthcare is now the majority owner, and VCU Health System retains a 20 percent ownership stake of Virginia Premier. Virginia Premier and Optima Health Plan, a wholly owned subsidiary of Sentara Healthcare, now operate as separate companies under Sentara Healthcare, each with a different leadership structure and separate board of directors. In total, the plans serve more than 840,000 members. The transaction brings together two mission-driven, Virginia-based organizations with a long history of caring for residents of the Commonwealth. Optima Health and Virginia Premier are two of the state’s original Medicaid managed care organizations and have deep experience serving the most vulnerable patients across the Commonwealth.
Read the full article: Sentara Healthcare and VCU Health System Finalize Joint Ownership of Virginia Premier Health Plan //
Source: https://www.sentara.com/aboutus/news/news-articles/sentara-healthcare-and-vcu-health-system-finalize-joint-ownership-of-virginia-premier-health-plan.aspx