Elevance Health partners with PE firm for ‘whole health’ approach 

INDIANAPOLIS – Health insurer Elevance Health and private equity firm Clayton, Dubilier & Rice have formed a strategic partnership to bring together certain care delivery and enablement assets of Elevance Health’s business unit Carelon Health and CD&R’s portfolio companies aspree health and Millenium Physician Group. 

The companies say 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 models will be stronger patient-provider relationships supported by data-driven insights, care coordination and referral management, and integrated health coaching. 

“CD&R’s collaboration with Elevance Health is an important step in our ongoing investment focus to accelerate innovation in care delivery across the country,” said Clay Richards, CD&R operating partner. “We are excited to enter into this strategic partnership with Elevance Health and for what this effort can accomplish, drawing out the strengths of each of the three companies to improve the patient and physician experience for the communities they serve.” 

The companies say the models 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. 

Details on the involved assets: 

• Carelon Health has 30 clinics that will support the strategic partnership’s ability to provide health care to high-risk members, including individuals with complex and chronic conditions;  

• apree health offers digital navigation and clinical advocacy capabilities with advanced primary care to deliver better care outcomes and a unique patient experience while driving affordability; and 

• MPG is a primary care centric platform serving nearly 900 health care providers across multiple states.