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April 22, 2024
Elevance Health's new $4B primary care venture: 5 things to know
Summary
Elevance Health has announced a partnership with private-equity firm Clayton, Dubilier and Rice to launch a new primary care venture expected to generate $4 billion in annual revenue. This payer-agnostic initiative will serve 1 million members across Medicare, Medicaid, and commercial markets, combining the services of Apree Health and Millennium Physician Group with Elevance's Carelon health services. This joint effort emphasizes value-based care and physician enablement, targeting chronic and complex care patients, aligning with Elevance’s overall care delivery strategy. The financial specifics of the deal remain undisclosed, and the venture is not expected to impact Elevance's 2024 earnings significantly.
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