The Miami-based health plan AvMed, Inc. has been acquired by a Virginia health system, the companies said Thursday. The non-profit AvMed provides health coverage to about 200,000 members.
Sentara Healthcare, which is based in Norfolk, Va., serves Virginia and northeast North Carolina and is expanding to about 1.2 million members with the AvMed acquisition.
The deal closed on Dec. 31, but terms were not included in Thursday’s announcement.
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“Our partnership with Sentara best positions AvMed to continue helping Floridians live healthier, the basis of our mission for the past 50 years,” Jim Repp, president and chief operating officer of AvMed, said in a prepared statement. “To create thriving communities, address health disparities and improve wellness, offering accessible, quality care is vital, and this new affiliation will deliver that for our members and local communities.”