The new care plan is expected to impact 1 million patients from Carelon’s 30 clinics and beyond, as patients from MPG and Apree join, Elevance said.
“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,” Bryony Winn, president of health solutions at Elevance says in the announcement. “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.”
The specific terms of the financial agreement were not disclosed. However, Elevance aid it will be investing in the CD&R companies through a combination of cash and equity from Carleon.
This week, Elevance’s stock rose 4.7% when the company reported a higher-than-expected “operating gain” of $2.3 billion.