Elevance and CD&R officially announced their plans to create a new primary care model back in April that will allow Carelon to sell multiple insurers and utilize for Elevance’s clients, following similar trends of rivals UnitedHealth, CVS and Humana.
The care delivery platform is called Mosaic Health, and is comprised of two of Clayton, Dubilier and Rice’s primary care portfolio companies, such as Apree Health and Millennium Physician Group and also the care delivery and enablement assets of Elevance’s health services division Carelon.
“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 in the official release issued earlier this year. “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.”
“We know that when primary care providers are resourced and empowered, they guide consumers through some of life’s most vulnerable moments, while helping people to take control of their own health,” said Bryony Winn, President of Health Solutions at Elevance Health. “By bringing a new model of advanced primary care to markets across the country, our partnership with CD&R will create a win-win for consumers and care providers alike.”
Mosaic Health will be launching without Carelon’s advanced primary care platform, and Carelon’s assets will join Mosaic subject to ongoing regulatory approvals.
Elevance and CD&R are not disclosing financial terms of the deal
