NEW YORK – August 1, 2018 – Clayton, Dubilier & Rice announced today the closing of its previously announced investment in naviHealth, the largest manager of post-acute benefits for health plans and a leading value-based care partner to health systems and providers.

CD&R made its investment in partnership with Cardinal Health (NYSE:CAH). Under the terms of the agreement, CD&R-managed funds acquired approximately a 55% ownership stake in naviHealth, while Cardinal Health retained approximately a 45% interest in the business before management rollover. In addition, Cardinal Health will have certain call rights to reacquire the business.

naviHealth partners with health plans, hospital systems, at-risk physician groups, and other healthcare providers to manage post-acute care as part of value-based care programs. naviHealth currently serves more than two million insured members and manages care transitions for approximately 800 acute hospitals and 11,000 post-acute care facilities nationwide. Through its proprietary technology platform, the company utilizes evidence-based protocols and dedicated clinical staff to quantitatively track patient recoveries, manage hospital discharges, reduce readmissions and support efficient clinical decision-making, which taken together reduce wasteful healthcare spend.

About Clayton, Dubilier & Rice

Founded in 1978, Clayton, Dubilier & Rice is a private investment firm. Since inception, CD&R has managed the investment of $26 billion in 81 companies, including healthcare services businesses, with an aggregate transaction value of more than $100 billion. The Firm has offices in New York and London. For more information, visit www.cdr-inc.com.