Signify Health, a value-based healthcare platform, has completed its acquisition of Caravan Health Inc., a provider of accountable care organization services, from VSS Capital Partners. The deal was previously announced on March 2, 2022.
Under its VSS ownership, Caravan reached over 200 health services and 100 federally qualified health centers with over 10,000 primary care providers managing over half a million patients. The resulting business combination creates a large national network of providers using value-based payment models.
“We would like to thank VSS for their outstanding strategic support provided throughout our partnership,” said Lynn Barr, chief innovation officer at Signify Health. “We meaningfully benefitted from VSS’s extensive industry expertise in tech-enabled healthcare services, while their financial capital and operational resources enabled us to take our business to the next level.”