Signify Health, a value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, completed the acquisition of Caravan Health, which enables accountable care organizations to excel in population health management and value-based payment programs.
The combination creates one of the largest national networks of providers engaged in value-based payment models. Signify Health now will support approximately $10 billion in total medical spend under management.
The transaction is valued at an initial purchase price of $250 million, consisting of $190 million in cash and $60 million in Signify Health common stock. The transaction also includes contingent additional payments of up to $50 million in cash based on the future performance of Caravan Health, which was backed by VSS Capital Partners.
Signify Health intends to provide guidance for the combined company when it reports its financial results for the fourth quarter and full year 2021 results today, March 2. Read more.
