Elevance Health,CD&R in primary care delivery pact, terms undisclosed

Elevance Health and Clayton, Dubilier & Rice or 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 . “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.” …Our investment will primarily be through a combination of cash and our equity interest in certain care delivery and enablement assets of Carelon Health, and is subject to customary regulatory approvals. While we are not disclosing the terms of the strategic partnership, it will not have a material impact on Elevance Health’s 2024 financial results. Comments taken from investor presentation slides.