Wellvana acquires CVS Health's MSSP business

Core Insights - Wellvana has acquired the Medicare Shared Savings Program (MSSP) business of CVS Accountable Care, enhancing its position as a leading value-based care enablement company [1][2] - The acquisition allows Wellvana to support primary care providers across 40 states, serving approximately 1 million Medicare patients [1][2] - CVS Health gains a strategic minority investment in Wellvana through this all-stock transaction [1] Company Overview - Wellvana is focused on transitioning from fee-for-service to value-based care, partnering with primary care practices and health systems [7] - The company manages approximately 1 million lives across multiple payors and has multiple Accountable Care Organizations (ACOs) in MSSP and REACH [7] - Founded in 2018 and based in Nashville, Wellvana aims to optimize the value-based care journey for its partners [7] Strategic Implications - The acquisition strengthens Wellvana's capabilities by expanding its ACO presence and broadening its affiliated hospital and physician network [3] - Wellvana's high-touch approach supports physicians, health systems, and payors in value-based care, which has proven effective in delivering savings to the Medicare program [2][3] - CVS Health remains committed to value-based care through its owned care delivery assets and accountable care contracts [4] Physician Support - Physicians joining Wellvana's network will gain access to tools such as scheduling, administrative support, and value-based care education [5] - The transition aims to ensure continuity of services for clients, providers, and patients while enhancing the support available to physicians [5]