Cone Wellness and Novant Wellbeing Inc. stated Wednesday that have signed a letter of intent in which Novant has agreed to make an financial investment in a Medicare Edge approach owned by Cone.
The not-for-financial gain health care programs said they are in the due diligence phase. The offer is subject to the customary regulatory reviews.
Treatment N’ Treatment Coverage Co. of North Carolina Inc., executing organization as HealthTeam Advantage, is a wholly owned subsidiary of Cone, incorporated in 2015.
HealthTeam Edge at present presents coverage for more than 15,000 Medicare beneficiaries in 7 North Carolina counties: Alamance, Davidson, Davie, Forsyth, Guilford, Randolph and Rockingham.
“Cone Wellbeing maintains greater part possession, and this expense of capital will let HTA to grow into additional markets,” Dr. Mary Jo Cagle, Cone’s main government, explained in a assertion.
HTA offers all the rewards of original Medicare, in addition excess added benefits, this sort of as dental, vision, hearing and physical fitness together with Medicare Element D prescription coverage. In addition, users are assigned a individual well being treatment concierge to simply call for responses to approach concerns and choices for treatment.