Healthcare services company Elevance Health, the parent company of Blue Cross and Blue Shield health insurance plans in 14 states, has announced a new partnership with private equity firm Clayton, Dubilier & Rice to enhance primary care delivery. The collaboration will bring together healthcare assets from Elevance Health’s Carelon Health and Clayton, Dubilier & Rice portfolio companies like apree health and Millennium Physician Group (MPG).
The strategic partnership aims to focus on providing healthcare services to high-risk members, particularly individuals with complex and chronic conditions. Elevance Health’s Carelon healthcare services unit currently operates 30 clinics that will support this initiative. This move comes as other major healthcare companies, such as UnitedHealth Group and CVS Health, have made substantial investments in owning and managing primary care services in recent years.
With nearly one million consumers set to benefit from the payer-agnostic platform created by this collaboration, the companies are focused on improving individuals’ health and wellbeing while also enhancing the quality of care provided by healthcare providers. The financial details of this deal have not been disclosed as confirmed by executives from both companies.
