Elevance Health, Inc. (Elevance) and Clayton, Dubilier & Rice (CD&R) announced an agreement to form a strategic partnership to accelerate innovation in primary care delivery, enhance the healthcare experience, and improve health outcomes.
This effort, which will operate across multiple regions of the United States, will bring together certain care delivery and enablement assets of Elevance Health’s Carelon Health and CD&R portfolio companies, apree health and Millennium Physician Group (MPG).
Elevance Health’s companies serve more than 115 million consumers through a diverse portfolio of industry-leading medical, digital, pharmacy, behavioral, clinical, and complex care solutions.
The strategic partnership’s advanced primary care models take a whole health approach to address the physical, social, and behavioral health of every person.
The foundation of the new advanced primary care offering will be stronger patient-provider relationships supported by data-driven insights, care coordination and referral management, and integrated health coaching.
It will also leverage realigned incentives through value-based care agreements that enable care providers, assist individuals in leading healthier lives, and make care more affordable.
This strategic partnership marks the next step in Elevance Health’s journey to expand access to advanced primary care for consumers with coverage across Commercial, Individual Exchange, Medicaid, and Medicare health plans.
Upon its formation, the payer-agnostic platform will serve nearly one million consumers. apree health, Carelon Health (30 clinics), and MPG’s primary care platform offer unique strengths that together promise to improve individuals’ health and wellbeing, while helping care providers deliver higher quality care.
Retailers and insurers are entering the primary care market as they regard the size of the opportunity and a number of their competitors making investments. Combined with a number of recent acquisitions and ongoing consolidation by market participants, we view the primary care market undergoing a major transformation over the next few years.