Elevance Health Mergers and Acquisitions Summary

InsuranceCompany

Elevance Health has acquired 28 companies, including 9 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 2 assets.

Elevance Health’s largest acquisition to date was in 2015, when it acquired Cigna for $54.2B. It’s largest disclosed sale occurred in 2009, when it sold NextRx subsidiaries to Express Scripts Holding for $4.7B. Elevance Health has acquired in 15 different US states, and 3 countries. The Company’s most targeted sectors include healthcare services (74%) and insurance (24%).

Join Mergr and gain access to Elevance Health’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity28
    • M&A Buy Activity26
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 15
  • M&A Advisors 7

Elevance Health

Elevance Health, Inc.

220 Virginia Avenue,
Indianapolis, Indiana 46204
United States,
(800) 331-1476
www.antheminc.com

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 incorporated in 1944 and is based in Indianapolis, Indiana.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.4/yr) # 19 1 - 3 2 1 26
vol $85.2B $85.2B
Sell (0.0/yr) # 2 - - - - - 2
vol $4.7B $4.7B
  28

Most Recent M&A

Company Date Value Type
Louisiana Health Service & Indemnity Co. 2023-01-23 - Add-on Acquisition
Baton Rouge, Louisiana · www.bcbsla.com
BioPlus Specialty Pharmacy 2022-11-09 - Divestiture
Altamonte Springs, Florida · www.bioplusrx.com
LIBERTY Dental Plan Corp. 2022-03-02 - Buyout (LBO, MBO, MBI)
Irvine, California · www.libertydentalplan.com
Integra Managed Care 2021-11-10 - Add-on Acquisition
Lake Success, New York · www.integraplan.org
myNEXUS, Inc. 2021-03-24 - Add-on Acquisition
Brentwood, Tennessee · www.mynexuscare.com
MMM Holdings LLC 2021-02-02 - Divestiture
San Juan, Puerto Rico · www.mmm-pr.com
Beacon Health Options 2019-06-06 - Add-on Acquisition
Boston, Massachusetts · www.beaconhealthoptions.com
Aspire Health, Inc. 2018-05-23 - Add-on Acquisition
Nashville, Tennessee · www.aspirehealthcare.com
America’s 1st Choice of South Carolina, Inc. 2017-10-24 - Add-on Acquisition
Columbia, South Carolina · www.sch.americas1stchoice.com
HealthSun Health Plans, Inc. 2017-09-20 - Add-on Acquisition
Coconut Grove, United States · www.healthsun.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Cigna Corp. 2015-07-24 Cigna - Life, Accident And Supplemental Benefits Businesses 2021-10-07 3
Bloomfield, Connecticut · www.cigna.com Hong Kong, China
Cigna Corp. 2015-07-24 Cigna Corp. - Texas Medicaid & Medicare-Medicaid Plan (MMP) Contracts 2021-04-22 2
Bloomfield, Connecticut · www.cigna.com , Texas
Cigna Corp. 2015-07-24 Cigna Corp. - Group Life and Disability Insurance Business 2019-12-18 1
Bloomfield, Connecticut · www.cigna.com Bloomfield, Connecticut

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 19 (73%) 58.5B (69%) - -
Insurance 6 (23%) 25.8B (30%) - -
Retail 1 (4%) 900M (1%) 1 (50%) -
Business Services - - 1 (50%) 4.7B (100%)
Total 26 $85.2B 2 $4.7B

By Geo

State/Country Buy Value Sell Value
United States 24 85.2B 2 4.7B
  Virginia 4 8.9B - -
  California 4 20.9B - -
  Tennessee 2 - - -
  Illinois 2 300M - -
  Florida 2 - - -
  Utah 1 900M 1 -
  South Carolina 1 - - -
  New York 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Maryland 1 - - -
  Louisiana 1 - - -
  Delaware 1 - - -
  Connecticut 1 54.2B - -
1 - - -
Puerto Rico 1 - - -
Domestic 24 (92%) 85.2B (100%) 2 (100%) 4.7B (100%)
Cross-border 2 (8%) - - -
Total 26 $85.2B 2 $4.7B

Top M&A Advisors

Financial Deals
UBS Investment Bank
2
Credit Suisse Investment Banking
1
Legal Deals
White & Case LLP
5
Faegre Drinker Biddle & Reath LLP
2
Drinker Biddle & Reath LLP
1

Deal Values

buy # Total
> $1B 4 $83.8B
$100M to $1B 3 $1.4B
TOTAL $85.2B
Largest Cigna Corp.
$54.2B (2015-07-24)
sell # Total
> $1B 1 $4.7B
TOTAL $4.7B
Largest NextRx subsidiaries
$4.7B (2009-12-01)

M&A Connections

Deals
Acquired from
Investor(s)
27%
7 (27%)
Strategic(s)
12%
3 (12%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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