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Evolent Health, Premier Health terminate merger agreement

Evolent Health Inc. and Premier Health have terminated their agreement for Evolent to purchase Premier Health Plan Inc.

The companies were not able to reach terms on the related party agreements. Evolent will continue to provide services and support under the existing administrative agreement for the employee self-insured, Medicare Advantage and commercial large-group health plans that Premier will continue to own and operate.

Premier is continuing to explore strategic options for its health plan business.