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.

Wellvana and CVS Health® (NYSE: CVS) today announced that Wellvana has acquired the Medicare Shared Savings Program (MSSP) business of CVS Accountable Care™, part of CVS Health, in an all-stock transaction,

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.

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

CVS Health Corp. is discontinuing its Wellesley-based accountable care business, and will lay off 183 employees as it shutters the business line.