Anthem acquiring behavioral health organization Beacon Health Options
Anthem Inc. announced Thursday it would acquire Beacon Health Options, the largest privately-held behavioral health organization in the U.S., in a move that lines up with the health insurer’s strategy to diversify into the area of health services. Anthem did not disclose the financial terms of the deal, but said it was acquiring Beacon from Bain Capital Private Equity and Diamond Castle Holdings and that the acquisition should close in the fourth quarter of 2019.
“With an extensive track record in behavioral health, Beacon fits well with our strategy to better manage the needs of populations with chronic and complex conditions, and deliver integrated whole health solutions. Together with Beacon, we will enhance our capabilities to serve state partners, health plans and employer groups as they seek to address consumer behavioral health needs,” Anthem Chief Executive Gail Boudreaux said in a statement.
Shares of Anthem have gained 5.4% in the year to date through Wednesday, while the S&P 500 has gained 12.7%.
Source : MTV
