Centene Corporation announced the completion of the sale of its management services organization, Collaborative Health Systems (CHS), to Astrana Health, Inc. CHS previously served more than 129,000 beneficiaries across 17 states, providing a scaled value-based care ecosystem.
The transaction closed following customary regulatory approvals, aligning with Centene's ongoing efforts to optimize its portfolio and focus on core business segments. This divestiture is part of a broader strategy to streamline operations and enhance efficiency.
Astrana Health stated that combining its technology platform and care model with CHS's provider base and payer partnerships will accelerate its goal of empowering providers and elevating the healthcare experience for patients nationwide.
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