Healthcare DIVE October 9, 2024
The sale of Collaborative Health Systems to value-based care firm Astrana Health comes after Centene has divested a number of non-core assets in recent years.
Dive Brief:
- Centene closed the sale of its management services subsidiary to Astrana Health, a firm that helps providers join value-based care arrangements.
- Collaborative Health Systems, which provides care coordination, data and analytics, and risk contracting services to primary care physicians moving to value-based care, works with more than 129,000 beneficiaries across 17 states, according to a Monday press release.
- The deal was first announced in July. Financial terms weren’t disclosed, but Astrana reported in a securities filing this summer it would pay $37.5 million for CHS and two physician networks.
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