Healthcare navigation company Castlight Health and primary care provider Vera Whole Health are teaming up to improve the way people access, deliver and purchase healthcare, the companies said Wednesday.
According to news release…
“The integration of our navigation data and technology with Vera Whole Health’s high-quality primary care offering satisfies the fundamental need for a coordinated and personalized patient experience,” Castlight Health CEO Maeve O’Meara said in a press release.
The majority shareholder of Vera Whole Health, a private equity firm Clayton, Dubilier & Rice, is investing $ 338 million in the merger. Key strategic partners will be Anthem Health Solutions, Morgan Health and Central Ohio Primary Care.
Vera Whole Health plans to acquire all outstanding shares of Castlight Health, which will become a privately held company.
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Providing clinicians and commercially insured patients with access to digital navigation and interaction resources, as well as quality and cost data, will help Vera Whole Health improve the social, mental and physical health of patients, Vera Whole Health CEO Ryan Schmid said in a press release.
Clayton, Dubilier & Rice invested in Vera Whole Health last year after it funded value-based care systems such as Agilon Health, Millennium Physician Group, and naviHealth.
“We believe the combined company is uniquely positioned to deliver large-scale innovation to the commercial customer segment and accelerate the restructuring of the healthcare market with a greater focus on value,” said Ron Williams, chairman of Vera Whole Health and chief operating officer of Clayton, Dubilier & Rice, said in press release.