Anthem, Inc. (NYSE:ANTM) is to acquire Beacon Health Options, a behavioral health organization.
Anthem will acquire Beacon from Bain Capital Private Equity and Diamond Castle Holdings. The financial terms of the transaction, which is expected to close in the fourth quarter of 2019, subject to standard closing conditions, customary state regulatory approvals and the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, were not disclosed.
The acquisition of Beacon will offer Anthem the opportunity to combine its existing behavioral health business with Beacon’s model and support services to fully scale integrated behavioral and physical health capabilities to customers and consumers nationwide.
Collectively, both businesses will be able to enhance whole person care and improve overall health outcomes with a strong portfolio of specialized products, more clinical expertise, improved analytics and health data, and broader provider networks and relationships.
The combination will also create one of the most comprehensive behavioral health networks capable of offering accessible and affordable care for consumers throughout the country.
Upon completion, Beacon, combined with Anthem’s behavioral health business, will operate as an integrated team within Anthem’s Diversified Business Group. Russell C. Petrella, Ph.D., Beacon Health Options President and CEO, as well as other key members of Beacon’s senior team, will join Anthem’s Diversified Business Group to lead the efforts to offer innovative behavioral health solutions and further expand this business.
Led by Gail K. Boudreaux, President and CEO, Anthem is a health benefits company serving, through its affiliated companies, more than 78 million people, including over 40 million within its family of health plans.
Beacon currently serves more than 36 million individuals across all 50 states, including nearly 3 million individuals under comprehensive risk-based behavioral programs.