M&A Deal Summary

Elevance Health Acquires Aspire Health

On May 23, 2018, Elevance Health acquired healthcare services company Aspire Health

Acquisition Highlights
  • This is Elevance Health’s 12th transaction in the Healthcare Services sector.
  • This is Elevance Health’s 17th transaction in the United States.
  • This is Elevance Health’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2018-05-23
Target Aspire Health
Sector Healthcare Services
Buyer(s) Elevance Health
Deal Type Add-on Acquisition

Target

Aspire Health

Nashville, Tennessee, United States
website
Aspire Health, Inc. is an on-hospice, community-based palliative care provider. Aspire Health is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Elevance Health

Indianapolis, Indiana, United States

website


Category Company
Founded 1944
Sector Insurance
Employees98,200
Revenue 156.6B USD (2022)
DESCRIPTION
Entrance to Elevance Health's corporate headquarters in Indianapolis, Indiana.
Entrance to Elevance Health's corporate headquarters in Indianapolis, Indiana.

Elevance Health is a health benefits company serving customers throughout the United States. Through its networks nationwide, the company delivers a number of leading health benefit solutions through a broad portfolio of integrated health care plans and related services, along with a wide range of specialty products such as life and disability insurance benefits, dental, vision, behavioral health benefit services, as well as long term care insurance and flexible spending accounts. Elevance Health was established in 1944 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 18 of 25
Sector (Healthcare Services) 12 of 18
Type (Add-on Acquisition) 15 of 20
State (Tennessee) 1 of 2
Country (United States) 17 of 23
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 America’s 1st Choice of South Carolina

Columbia, South Carolina, United States

America’s 1st Choice of South Carolina, Inc. is a privately‐held for‐profit Medicare Advantage organization that offers HMO products, including Chronic Special Needs Plans (C-SNP) and Dual-Eligible Special Needs Plans under its Freedom Health and Optimum brands in Florida. America’s 1st Choice has grown to become one of Florida’s preferred Medicare Advantage plans and a leading C-SNP in Florida. The company currently serves approximately 130,000 members through its Medicare Advantage plans in 25 Florida and three South Carolina counties.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 Beacon Health Options

Boston, Massachusetts, United States

Beacon Health Options is a care management company that specializes in customized behavioral health solutions on behalf of health insurance companies, managed care organizations, and state and local governments. Beacon's suite of care management and population health programs helps individuals access timely, appropriate and effective mental health and substance abuse services.

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