Virginia health systems Sentara Healthcare in Norfolk and VCU Health System in Richmond finalized their joint ownership agreement of Virginia Premier health plan, a managed care plan, on April 8.
Under the joint ownership agreement, Sentara will become the majority owner of Virginia Premier, while VCU Health System will retain a 20 percent stake in the health plan.
Sentara Healthcare will now operate two separate health plans: Virginia Premier and Optima Health Plan. Each plan has a different leadership structure. Together, they serve a combined 840,000 members.