Johns Hopkins HealthCare LLC, a subsidiary of Johns Hopkins Medicine, sold a minority stake in Hopkins Health Advantage, its Medicare Advantage health insurer subsidiary, to six of the largest and most prominent health systems in Maryland. Our firm represented Johns Hopkins HealthCare LLC in this cutting-edge transaction, which signals the new emphasis health care systems are placing on taking insurance risk and how insurance ventures can be used to further not only commercial insurance interests, but strategic alignment interests as well.
The transaction required the negotiation of new provider agreements with each health system, presenting a host of highly complex business, corporate and regulatory issues.
