Anthem Acquires Beacon Health

Buyer: Anthem Acquires Beacon Health
Seller: Anthem Acquires Beacon Health
Date / Year: June 19, 2019
Sector: Behavioral Health

Bain Capital Private Equity and Diamond Castle Holdings are selling Beacon Health Options, the largest independently held behavioral health organization in the country. The buyer is managed care giant Anthem, Inc. (NYSE: ANTM).

Beacon currently serves more than 36 million individuals across all 50 states, including nearly 3 million individuals under comprehensive risk-based behavioral programs. Its service lines include clinical mental health and substance use disorder management, a comprehensive employee assistance program, work/life support, specialty programs for autism and depression, and analytics to more than 36 million individuals nationwide.

Anthem will combine its existing behavioral health business with Beacon’s model and support services to scale its integrated behavioral and physical health capabilities. The addition of Beacon’s 36 million lives brings Anthem’s behavioral health coverage to approximately 60 million lives.

The combination will also create one of the most comprehensive behavioral health networks capable of offering more accessible and affordable care for consumers. Beacon will operate within Anthem’s Diversified Business Group. The acquisition is expected to close in the fourth quarter of 2019.

What does this transaction mean for the strategic options for your healthcare business?

Contact Paragon Ventures for more information.  www.paragonventures.com  800-719-1555

Contact Us

Paragon Ventures - CONFIDENTIAL CONTACT REQUEST (Market Pulse)
Sending

Zoe Barry’s ZappRx Acquired by Allscripts
UnitedHealth Acquires Equian LLC from New Mountain