CVS Health Sells Its Medicare Shared Savings Program Business To Wellvana

Wellvana has acquired the Medicare Shared Savings Program (MSSP) business of CVS Accountable Care™, part of CVS Health, in an all-stock transaction. Wellvana is a value-based care enablement company. It supports health care provider organizations in 40 states and serving approximately 1 million Medicare beneficiaries. Through the deal, CVS Health obtained a strategic minority investment in Wellvana. Detailed terms have not been disclosed.

Prior to the sale, CVS Health exited its participation in the Medicare Accountable Care Organization Realizing Equity, Access and Community Health (ACO REACH) program. However, in the acquisition announcement the company said it “remains committed . . .