Ascension Sells Arizona Medicaid Plan Stake to Aetna

Ascension has sold its ownership interest in an Arizona Medicaid managed care plan to Aetna. The transaction allows Ascension to exit insurance risk while Aetna acquires a stake in a plan with a profitable dual-eligible member base. The deal reflects ongoing consolidation in Medicaid managed care, with payers seeking scale in high-acuity populations. Financial terms and the effective date of the transaction were not disclosed.

Managed Care