Elevance Health, Inc. and Clayton, Dubilier & Rice announced an agreement to form a strategic partnership to accelerate innovation in primary care delivery, enhance the healthcare experience, and improve health outcomes. This effort, which will operate across multiple regions of the United States, will bring together certain care delivery and enablement assets of Elevance Health?s Carelon Health and CD&R portfolio companies, apree health and Millennium Physician Group (MPG). This strategic partnership marks the next step in Elevance Health?s journey to expand access to advanced primary care for consumers with coverage across Commercial, Individual Exchange, Medicaid, and Medicare health plans. Upon its formation, the payer-agnostic platform will serve nearly one million consumers. apree health, Carelon Health, and MPG offer unique strengths that together promise to improve individuals? health and wellbeing, while helping care providers deliver higher quality care. apree health offers best-in-class digital navigation and clinical advocacy capabilities with advanced primary care to deliver better care outcomes and a unique patient experience while driving affordability; Carelon Health has 30 clinics that will support the strategic partnership?s ability to provide healthcare to high-risk members, including individuals with complex and chronic conditions; and MPG is a leading primary care centric platform serving nearly 900 healthcare providers across multiple states. Through this strategic partnership, people will have access to integrated care teams, personalized navigation, expanded digital access, and specialized services for higher need populations. Employers will have an even stronger care provider service that delivers affordability and superior experiences for their employees, including dedicated primary care capacity integrated with clinical and benefits navigation.

Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice in its strategic partnership with Elevance Health, Inc.