Jefferson Health has finalized its $305 million acquisition of Temple University Health System’s 50% ownership stake in Health Partners Plans, the Philadelphia Business Journal reports.
The deal gives Jefferson 100% ownership of the 291,000-member, nonprofit Medicaid and Medicare health maintenance organization based in Philadelphia.
Jefferson Health President Dr. Bruce A. Meyer said the transaction will help Health Partners Plans care for “more marginalized patient populations” and provide access to “critical, lifesaving and value-based care,” while expanding the HMO’s provider network to include all Jefferson Health locations. Read more.
