Elevance Health - M&A Summary and Business Overview

InsuranceCompany

Elevance Health M&A Summary

Elevance Health has acquired 28 companies, including 9 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 3 assets.

Elevance Health’s largest acquisition to date was in 2004, when it acquired WellPoint Health Networks for $20.9B. 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%).

Elevance Health Business Overview

Where is Elevance Health headquartered?

Elevance Health is headquartered in Indianapolis, Indiana.

What is Elevance Health’s revenue?

Elevance Health disclosed revenue of 156,595M USD for 2022 and 138,639M USD for 2021.

How many employees does Elevance Health have?

Elevance Health has 98,200 employees.

What sector is Elevance Health in?

Elevance Health is an insurance company.

When was Elevance Health founded?

Elevance Health was founded in 1944.

M&A Summary

  • M&A Total Activity29
    • M&A Buy Activity26
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 17
  • M&A Advisors 6

Elevance Health

Elevance Health, Inc.

220 Virginia Avenue,
Indianapolis, Indiana 46204
United States,
(800) 331-1476
www.elevancehealth.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 established in 1944 and is based in Indianapolis, Indiana.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 19 - 3 2 1 1 26
vol $31.0B $31.0B
Sell (0.2/yr) # 2 - - - 1 - 3
vol $4.7B $4.7B
  29

Most Recent M&A

Company Date Value Type
Paragon Healthcare, Inc. 2024-01-04 - Add-on Acquisition
Dallas, Texas · www.paragonhealthcare.com
Elevance Health - Life & Disability Business 2023-03-28 - Divestiture
Indianapolis, Indiana
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
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
CarelonRx    - Kroger Specialty Pharmacy 2024-03-18 1
Indianapolis, Indiana · www.carelon.com Cincinnati, Ohio

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 19 (73%) 4.3B (14%) - -
Insurance 6 (23%) 25.8B (83%) 1 (33%) -
E-Commerce 1 (4%) 900M (3%) 1 (33%) -
Business Services - - 1 (33%) 4.7B (100%)
Total 26 $31.0B 3 $4.7B

By Geo

State/Country Buy Value Sell Value
United States 24 31.0B 3 4.7B
  California 4 20.9B - -
  Virginia 4 8.9B - -
  Tennessee 2 - - -
  Illinois 2 300M - -
  Florida 2 - - -
  Utah 1 900M 1 -
  Texas 1 - - -
  South Carolina 1 - - -
  New York 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Maryland 1 - - -
  Louisiana 1 - - -
  Delaware 1 - - -
  Indiana - - 1 -
1 - - -
Puerto Rico 1 - - -
Domestic 24 (92%) 31.0B (100%) 3 (100%) 4.7B (100%)
Cross-border 2 (8%) - - -
Total 26 $31.0B 3 $4.7B

Top M&A Advisors

Financial Deals
UBS Investment Bank
1
Legal Deals
White & Case
4
Faegre Drinker Biddle & Reath LLP
2
Drinker Biddle & Reath LLP
1

Deal Values

buy # Total
> $1B 3 $29.6B
$100M to $1B 3 $1.4B
TOTAL $31.0B
Largest WellPoint Health Networks, Inc.
$20.9B (2004-12-01)
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)
31%
8 (31%)
Strategic(s)
12%
3 (12%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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