By Matthew Keck —
Evolent Health has purchased a 70 percent stake in Passport Health Plan from the University of Louisville. U of L will retain a 19.2 percent stake in Passport, but will receive $44.7 million from Evolent.
“The University of Louisville helped create Passport Health Plan in 1997, paving the way for what has become a national model for managed care,” said President Neeli Bendapudi in the release. “Now, we are proud to partner with Evolent Health to begin a new chapter that will continue to spark innovation in the delivery of care.