Updates and Announcements from Hospitalogy

The healthcare industry is abuzz with the latest news and updates, and one of the most talked-about topics is the recent partnership between Elevance Health and private equity firm Clayton, Dubilier, & Rice (CD&R). The two entities have joined forces to form a joint venture that will focus on advanced primary care capabilities, serving over 1 million individuals.

Elevance Health’s care delivery segment, Carelon, will be contributing care delivery and enablement assets, along with cash consideration, while CD&R will be adding some of its owned portfolio companies to the partnership. This collaboration is a strategic move by Elevance to build up Carelon into a robust care delivery asset, similar to Optum, and to compete more effectively in the healthcare market.

The joint venture will include entities such as Millennium Physician Group, apree health, and Carelon Health, each bringing unique strengths and capabilities to the table. This partnership is a significant step towards creating a primary care platform for future growth and expansion.

In addition to this exciting partnership, the healthcare industry is also seeing a surge in hospital M&A activity, with several notable transactions announced in the first quarter of the year. Home health provider Charter Healthcare has filed for bankruptcy, while imaging center operator RadNet is making its second acquisition in Houston, Texas.

On the fundraising front, several health tech companies have secured significant funding rounds, including Grow Therapy, Pelago, and InStride Health. These investments highlight the growing interest and potential in the healthcare technology sector.

Overall, the healthcare industry is experiencing rapid changes and developments, with partnerships, mergers, and fundraising activities shaping the future of healthcare delivery and innovation. Stay tuned for more updates and insights on the evolving healthcare landscape.