08:35 AM EDT, 04/15/2024 (MT Newswires) -- Elevance Health ( ELV ) said Monday that it has agreed to form a strategic partnership with private investment firm Clayton, Dubilier & Rice aimed at accelerating primary care delivery innovation while improving health outcomes.

The health insurance firm said the investment will be made mainly with a combination of cash and its equity interest in certain care delivery and enablement assets of Carelon Health.

Although financial terms were not disclosed, Elevance Health ( ELV ) said the deal will not have a material impact on its 2024 financial results.