CVS Health is selling to Nashville-based Wellvana a business that helps physicians and health systems with certain "va;ue-based" Medicare contracts.

CVS Health is on a mission to cut costs, and the insurer is turning toward its value-based care businesses as a solution, Fierce Healthcare has exclusively learned. | CVS is cutting loose from the ACO REACH value-based care program and is selling its Medicare Shared Savings Program business to Wellvana as the company looks to cut costs where possible.

The all-stock deal gives CVS a strategic minority investment in value-based care services firm Wellvana. Shared Savings, or MSSP, is Medicare’s largest value-based care program.

With this acquisition, Wellvana supports primary care providers across 40 states, serving approximately 1 million patients.

CVS Health divested its Medicare Shared Savings Program operations as the conglomerate seeks to stabilize its finances.