Clayton, Dubilier & Rice buys majority stake in Vera Whole Health, valuing Seattle startup at $400 million

Private equity firm Clayton, Dubilier & Rice acquired a majority stake in Seattle-based primary care startup Vera Whole Health in a deal valuing the company at $400 million; Vera uses a per-member, per-month employer-paid model and operates centers in ten states. The partnership adds to CD&R's healthcare portfolio and follows Vera's $76 million in prior funding and reported employer healthcare cost reductions of 10–25%.