Wellvana acquires CVS Health’s MSSP business, expands value-based care reach

Author(s):

Austin Littrell

Key Takeaways

Wellvana's acquisition of CVS Health's MSSP business expands its VBC presence and grants CVS a strategic minority stake.
The acquisition supports providers across 40 states, serving approximately one million Medicare patients.
Wellvana strengthens its position as a leading VBC enablement company, broadening its ACO presence and network.
CVS Health remains committed to VBC through its care delivery assets and accountable care contracts.
Physicians joining Wellvana gain access to tools, support, and potential eligibility for "Foundational Care" for enhanced patient management.

The transaction positions Wellvana as a leading value-based care enabler, extending services to approximately one million Medicare patients across 40 states.

Wellvana has acquired CVS Health’s Medicare Shared Savings Program (MSSP) business in an all-stock transition, a move that expands Wellvana’s presence in value-based care (VBC) while granting CVS Health a strategic minority stake in the company. The acquisition bolsters Wellvana’s reach, now supporting health care providers across 40 states and serving approximately one million Medicare patients.

By integrating CVS Health’s MSSP business, Wellvana strengthens its position as one of the largest value-based care enablement companies. The merger broadens its Accountable Care Organization (ACO) presence, extends its network of affiliated hospitals and physicians, and brings in experienced professionals from CVS Health’s MSSP team.

“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, president and CEO of Wellvana. “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.”

CVS Health remains committed to VBC through its owned care delivery assets — Oak Street Health and MinuteClinic — and accountable care contracts between Aetna and network providers.

“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 of Health Care Delivery with 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 gain access to tools including scheduling support, administrative assistance and VBC education. As they continue to engage with Wellvana’s services, they may also become eligible for “Foundational Care”, which provides patients with critical medical management support between appointments and after hospitalizations.

The detailed terms of the transaction have not been disclosed.