Alignment Health Plan, the Medicare Advantage business of Alignment Healthcare Inc., is expanding into four new counties in North Carolina beginning Jan. 1.
The Orange-based company will enter Cabarrus, Gaston, Mecklenburg and Rowan counties, giving more than 295,000 Medicare beneficiaries access to its plans.
“By expanding into the Charlotte region, we’re extending our mission to help more North Carolina seniors live healthier, more independent lives,” Dawn Maroney, chief executive of Alignment Health Plan, said in a statement.
The expansion increases Alignment Health Plan’s North Carolina footprint to 20 counties serving more than 992,000 beneficiaries.
Shares in Alignment (Nasdaq: ALHC) rose 3.5% to $8.37 and a $1.7 billion market cap.