News Briefs: Elevance, PE Firm Form Primary Care Delivery Platform
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Aug 16, 2024
Elevance Health, Inc. and private equity firm Clayton, Dubilier & Rice (CD&R) announced on Aug. 14 the formation of Mosaic Health, a primary care delivery platform focused on value-based arrangements with payers. The companies revealed in April their plans to merge CD&R-owned apree health and Millenium Physician Group with primary care assets owned by Elevance through its Carelon Health division. Elevance CEO Gail Boudreaux said in April that the company would own a “significant minority position” in Mosaic, while Chief Financial Officer Mark Kaye said Mosaic would have more than $4 billion in annual revenue when formed. Read more
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