Sentara Healthcare, a Norfolk, Virginia-based nonprofit healthcare system, has acquired nonprofit health plan AvMed for an undisclosed price.
AvMed is based in Miami with regional offices in Fort Lauderdale and Gainesville, Florida. It has more than 200,000 health plan members and nearly 500 employees. More than 35,000 health care providers are in its network.
Sentara Healthcare operates more than 100 sites of care, including 12 hospitals, four medical groups and multiple imaging centers throughout Virginia and northeastern North Carolina. The company’s Sentara Health Plans division has more than 1.2 million members.
According to data captured in the LevinPro HC database, this marks the first Managed Care deal of 2023. There were 43 Managed Care transactions announced during 2022, two of which involved health systems as acquirers.
