M&A Deal Summary

Elevance Health Acquires BioPlus Infusion Pharmacy

On November 9, 2022, Elevance Health acquired healthcare services company BioPlus Infusion Pharmacy from CarepathRx

Acquisition Highlights
  • This is Elevance Health’s 17th transaction in the Healthcare Services sector.
  • This is Elevance Health’s 21st transaction in the United States.
  • This is Elevance Health’s 2nd transaction in Florida.

M&A Deal Summary

Date 2022-11-09
Target BioPlus Infusion Pharmacy
Sector Healthcare Services
Buyer(s) Elevance Health
Sellers(s) CarepathRx
Deal Type Divestiture

Target

BioPlus Infusion Pharmacy

Altamonte Springs, Florida, United States
BioPlus Infusion Pharmacy provides a complete range of specialty pharmacy services for patients living with complex and chronic conditions, such as cancer, multiple sclerosis, hepatitis C, autoimmune diseases, and rheumatology. BioPlus Infusion Pharmacy was established in 1989 and is based in Altamonte Springs, Florida.

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Buyer(S) 1

Buyer

Elevance Health

Indianapolis, Indiana, United States

Category Company
Founded 2001
Sector Insurance
Employees104,900
Revenue 171.3B USD (2023)
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 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 23 of 25
Sector (Healthcare Services) 17 of 18
Type (Divestiture) 3 of 3
State (Florida) 2 of 2
Country (United States) 21 of 23
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Integra Managed Care

Lake Success, New York, United States

Integra Managed Care is a New York State Managed Long Term Care Plan designed for adults living with long-term disabilities. Integra’s goal is to help members live safely and independently in the comfort of their own home with a dedicated team of nurses and social workers who will ensure the care and services that will help individuals live as independently as possible. Integra Managed Care was formed in 2014 and is based in Lake Success, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Blue Cross and Blue Shield of Louisiana

Baton Rouge, Louisiana, United States

Blue Cross and Blue Shield of Louisiana offer health insurance including medical, dental, Medicare Advantage and prescription drug coverage to individuals, families and employers. Blue Cross and Blue Shield of Louisiana was founded in 1934 and is based in Baton Rouge, Louisiana.

Buy -

Seller(S) 1

SELLER

CarepathRx

Mercer Island, Washington, United States

Category Company
Sector Healthcare Services
DESCRIPTION

CarepathRx is a provider of pharmacy and medication management solutions for vulnerable and chronically ill patients. CarepathRx is based in Mercer Island, Washington.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1