With latest transaction, Wellvana supports
primary care providers across 40 states, serving approximately 1
million patients.
NASHVILLE, Tenn., and WOONSOCKET, R.I., March 4,
2025 /PRNewswire/ -- Wellvana and CVS
Health® (NYSE: CVS) today announced that Wellvana has
acquired the Medicare Shared Savings Program (MSSP) business of CVS
Accountable Care™, part of CVS Health, in an all-stock transaction,
giving CVS Health a strategic minority investment in
Wellvana.
Wellvana cements itself as one of the
largest value-based care enablement companies with approximately 1
million patients.
With the acquisition, Wellvana cements itself as one of the
largest value-based care enablement companies, supporting health
care providers in 40 states and serving approximately 1 million
Medicare patients. The combined company has delivered hundreds of
millions of dollars in savings to the Medicare program over the
past decade.
"Primary care is the engine that reduces cost while improving
the health of our communities, and we're on a mission to make it
life-changing," said Kyle Wailes,
Wellvana President and CEO. "Our high-touch approach that supports
physicians, health systems and payors in value-based care has
proven effective. The complementary expertise and scale of CVS
Health's MSSP business supercharges our impact and accelerates our
drive to make patients the ultimate beneficiaries of more valuable
care."
Wellvana's acquisition strengthens its capabilities by expanding
and diversifying its Accountable Care Organization (ACO) presence,
broadening its affiliated hospital and physician network, and
adding colleague talent with deep value-based care experience and
technology from CVS Health's MSSP business.
CVS Health remains committed to value-based care and is
advancing ongoing efforts through its owned care delivery assets –
Oak Street Health® and MinuteClinic® – and
also through accountable care contracts between Aetna and providers
in its network.
"We made this decision to further advance MSSP by partnering
with a value-based care leader with the right strategic focus and
investment commitment in this space," said Sree Chaguturu, MD, President, Health Care
Delivery, CVS Health. "We are incredibly proud of our CVS Health
colleagues who have supported the MSSP business over the years and
are committed to a smooth transition so they can continue their
work and maintain services to clients, providers and patients."
Physicians joining the Wellvana network as part of
this acquisition will have the ability to gain access to high-touch
tools such as scheduling, administrative support, and value-based
care education. As physicians engage with Wellvana's services,
in subsequent years they may also become eligible for Foundational
Care™, which provides patients with critical medical management
support between appointments and after hospitalizations.
Detailed terms have not been disclosed.
About Wellvana
Wellvana partners with primary care practices and health
systems to make the transition from fee-for-service to value-based
care life-changing for patients. With multiple ACOs in MSSP and
REACH, as well as Medicare Advantage contracts from coast to coast,
Wellvana matches partners with personalized paths that optimize
their value-based care journey. Through its high-touch approach and
Foundational Care™ management, Wellvana helps carry the
administrative load of practices and health systems while providing
between-appointment support for patients. Founded in 2018 and based
in Nashville, Tenn., Wellvana
works with primary care providers and health systems in 40 states,
managing approximately one million lives across multiple payors.
For more information, visit Wellvana.com and follow Wellvana on
LinkedIn.
About CVS Health
CVS Health® is the leading health solutions
company, delivering care like no one else can. We reach more people
and improve the health of communities across America through our
local presence, digital channels and over 300,000 dedicated
colleagues – including more than 40,000 physicians, pharmacists,
nurses and nurse practitioners. Wherever and whenever people need
us, we help them with their health – whether that's managing
chronic diseases, staying compliant with their medications or
accessing affordable health and wellness services in the most
convenient ways. We help people navigate the health care system –
and their personal health care – by improving access, lowering
costs and being a trusted partner for every meaningful moment of
health. And we do it all with heart, each and every day. Follow
@CVSHealth on social media.
Media Contacts:
Blake Farmer
bfarmer@wellvana.com
Ethan Slavin
Ethan.Slavin@CVSHealth.com
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SOURCE Wellvana
