Wellvana acquires CVS Health's MSSP business
03/04/25, 5:14 PM
Location
nashvillewoonsocketIndustry
health care
health care
Wellvana has acquired the Medicare Shared Savings Program business from CVS Health in an all-stock transaction. This acquisition enhances Wellvana's capability in value-based care, solidifying its position in supporting providers across 40 states. The deal provides CVS Health with a strategic minority investment in Wellvana. Together, they aim to improve patient care and reduce costs.
Company Info
Location
Nashville, Tennessee, United States
Company info
Wellvana Health helps doctors deliver life-changing health care with a high-touch value-based care model for high-performing partners across independent primary care physicians, specialists, and health systems. Transitioning providers from traditional fee-for-service payment models to risk-based contracting, Wellvana is on a mission to improve patient outcomes and quality of care while reducing medical costs. Wellvana believes value-based care is local care, offering providers a flexible model for partnership, including acquisition, joint ventures, or affiliate models. Founded in 2019, Wellvana currently serves health care providers in 22 states, manages lives across multiple payors, and continues to expand its footprint in new communities.