Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice in the formation of agilon health, a new healthcare technology and services platform aiming to accelerate the conversion to value-based healthcare in the United States. The company brings together established value-based healthcare delivery systems, physician risk enabling infrastructure and proven operating talent. The combination of these capabilities and a unique partnership-centric approach offers providers on a national basis the opportunity to successfully transition to risk-based business models.
CD&R formed agilon health through the acquisition and combination of Primary Provider Management Co. (PPMC) and Cyber-Pro Systems, Inc. (Cyber-Pro). PPMC is a Management Service Organization (MSO) servicing a patient base of more than 450,000 primarily Medicaid members in California. Cyber-Pro, through its subsidiaries, manages approximately 24,000 Medicare patients in Hawaii and sells proprietary clinical and administrative technology solutions to third parties to support health plan and physician risk MSO operations. Terms of the transactions were not disclosed.
The Debevoise team was led by partner Andrew L. Bab and included partner Peter A. Furci and associates Christopher Anthony, Usman Arain, Joseph M. Binder, Emily F. Huang, Jennifer R. Roeske, Meredith Wren and Oleg S. Zakatov.
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