Debevoise Advised CD&R On Partnership With Elevance Health To Advance Primary Care Delivery
Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice (CD&R) in its strategic partnership with Elevance Health, Inc. The partnership aims to merge certain care delivery and enablement assets of Elevance Health’s Carelon Health with CD&R’s portfolio companies, Apree Health and Millennium Physician Group (MPG).
This collaboration between Elevance Health, renowned for global health improvement, and CD&R, a leading private investment firm, is set to redefine primary care delivery, enhance the healthcare experience, and elevate health outcomes for individuals across the United States.
Apree Health brings cutting-edge digital navigation and clinical advocacy capabilities, alongside advanced primary care services designed to improve care outcomes and offer a unique patient experience, all while maintaining affordability. Carelon Health’s network of 30 clinics will cater to high-risk members, including those with complex and chronic conditions. Additionally, MPG, a leading primary care-centric platform, boasts a vast network of nearly 900 healthcare providers across multiple states.
The investment in this strategic partnership will primarily consist of a combination of cash and equity interest in certain care delivery and enablement assets of Carelon Health.
The Debevoise team, led by M&A partners Christopher Anthony, Jennifer Chu, and Kevin Rinker, played a critical role in facilitating this partnership. The team includes counsel Kim Le, John Love, and Molly Stockley, as well as associates Erik Andrén, Jacob Dougherty, Robert Geren, Tiancheng (TC) Huang, Candice Jones, Ryan Katz, Katie McCarty, Dominique Trudelle, and Charlotte Walkovik, and law clerk Devon Donohue.
Finance partner Brett Novick and associate Adam Silverwood, employee benefits and executive compensation partner Meir Katz, counsel Kathleen Emberger and associates Ally Farley and Gregory Kramer, investment management partner Jason Auerbach, counsel Paul Laszlo and associates Ruth Fruchter, Carly Hill, Erin Munro, and Dillon Roach, capital markets associates Michael Cederblom and Congrui Lin, tax partners Erin Cleary and Peter Furci, counsel Adam Namm, associates Shanna Adler, Samuel Krawiecz, and Harshil Mehta, and law clerk Jeannie Le also contributed to the team’s efforts.
Furthermore, intellectual property partner Henry Lebowitz and associates Katelyn Bryant, Melody Godbolt, and Siena Stanislaus, real estate partner Edward Rishty and associates Andrea Bell, Perri Weinstein, and Malina Welman, antitrust partners Michael Schaper and Erica Weisgerber, counsel Kyra Bromley and associate Chaim Lapp, litigation counsel Tricia Bozyk Sherno and Erich Grosz, alongside environmental counsel Stuart Hammer, were integral parts of the collaborative effort ensuring a smooth and successful collaboration between CD&R and Elevance Health.