Kentucky’s Passport Health Plan, which warned earlier this year that it was on the brink of insolvency, tells AIS Health it is “on a path forward,” now that a deal with Evolent Health has been approved by the state. It’s also dropped a lawsuit against the state and will move forward with stalled construction. For-profit Evolent, headquartered in Arlington, Va., provides health care delivery and payment solutions and has worked with the non-profit community-based health plan since 2016. Evolent agreed to buy a 70% stake in Passport for $70 million.
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