Wellvana, based in Nashville, has acquired the business of the Medicare shared savings program (MSSP) of the responsible care of CVS, part of CVS Health, in a transaction of the entire stock, which gives CVS Health a strategic minor investment in Wellvana.
Besides, Fierce medical attention informs that CVS Health is turn off your business of access, Impacting 183 employees throughout the country.
With the acquisition, Wellvana says that it becomes one of the largest value enabling companies based on value, supporting suppliers in 40 states and attending to approximately 1 million patients with Medicare.
«Primary care is the engine that reduces the cost by improving the health of our communities, and we are in the mission of making life change,» said Kyle Wailes, president and CEO of Wellvana, in a statement. «Our high contact approach that supports doctors, health systems and payers in value based on value has proven effective. The complementary experience and scale of the MSSP business surcharged from CVS Health our impact and accelerate our impulse to make patients the final beneficiaries of more valuable care.»
Wellvana said that the acquisition strengthens its capabilities by expanding and diversifying its presence of ACO, expanding its network of affiliated hospitals and doctors, and adding colleague talent with an experience and care technology based on the deep value of the MSSP business of CVS Health.
CVS Health declared that he remains committed to value based on value and is advancing continuous efforts through their own care assets, Oak Street Health and Minuteteclinic, and also through responsible care contracts between Aetna and suppliers in their network.
«We make this decision to advance even more in MSSP through the association with a value -based care leader with the strategic approach and the right investment commitment in this space,» said Sree Chaguru, MD, Health Health President for CVS Health, in a statement. «We are incredibly proud of our CVS health colleagues who have supported the MSSP business over the years and are committed to a transition without problems so that they can continue their work and keep services to customers, suppliers and patients.»
Detailed terms of the agreement were not revealed.
