News Briefs: Elevance, PE Firm Form Primary Care Delivery Platform

  • 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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  • Jinghong Chen

    Jinghong has been producing infographics and data stories on employer-sponsored insurance, public health insurance programs and prescription drug coverage for AIS Health’s Health Plan Weekly and Radar on Drug Benefits since 2018. She also manages AIS Health’s annual executive compensation database for top insurers and Blue Cross and Blue Shield affiliates. Before joining AIS Health, she interned at WBEZ, Al Jazeera English and The New York Times Chinese. She graduated from Missouri School of Journalism with a focus on data journalism and international reporting.

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