M&A Deal Summary

CVS Health Acquires Altius Health Plan

On August 9, 2018, CVS Health acquired insurance company Altius Health Plan from Coventry Health Care

Acquisition Highlights
  • This is CVS Health’s 2nd transaction in the Insurance sector.
  • This is CVS Health’s 15th transaction in the United States.
  • This is CVS Health’s 1st transaction in Utah.

M&A Deal Summary
Date 2018-08-09
Target Altius Health Plan
Sector Insurance
Buyer(s) CVS Health
Sellers(s) Coventry Health Care
Deal Type Divestiture

Target

Altius Health Plan

South Jordan, Utah, United States
Altius Health Plan, Inc. is a provider of health insurance services. Company provides healthcare plans to individuals and families, and businesses of all sizes in Utah, Wyoming, and Idaho.

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Buyer(S) 1

Buyer

CVS Health

Woonsocket, Rhode Island, United States
Category Company
Founded 1996
Sector Healthcare Services
Employees219,000
Revenue 357.8B USD (2023)
DESCRIPTION
CVS Health office in Buffalo Grove, Illinois.
CVS Health office in Buffalo Grove, Illinois.

CVS Health operates retail pharmacies, and walk-in medical clinics, and is a pharmacy benefits manager. The Company enables people, businesses, and communities to manage health in a variety of ways. CVS Health advises patients on medications at CVS/pharmacy locations, helps clients control costs at CVS/caremark, and delivers care through CVS/specialty and CVS/minuteclinic. CVS Health was founded in 1996 and is based in Woonsocket, Rhode Island.

DEAL STATS #
Overall 15 of 18
Sector (Insurance) 2 of 3
Type (Divestiture) 5 of 6
State (Utah) 1 of 1
Country (United States) 15 of 18
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Apothecary By Design

Portland, Maine, United States

Apothecary by Design is a specialty pharmacy focused on women’s health, hepatitis C and autoimmune disorders. Apothecary By Design was founded in 2008 and is based in Portland, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 IlliniCare Health Plan - Medicaid and Medicare Advantage Business

Westmont, Illinois, United States

IlliniCare Health Plan, Inc. - Medicaid and Medicare Advantage Business is one of the six managed care organizations participating in the Medicare-Medicaid Alignment Initiative (MMAI). This plan is available in the greater Chicagoland area.

Buy -

Seller(S) 1

SELLER

Coventry Health Care

Bethesda, Maryland, United States
Category Company
Founded 1986
Sector Insurance
Employees14,400
DESCRIPTION

Coventry Health Care, Inc. is a managed health care company that provides a wide range of health benefits and services to a broad cross section of employer and government-funded groups.

DEAL STATS #
Overall 3 of 3
Sector (Insurance) 2 of 2
Type (Divestiture) 3 of 3
State (Utah) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 American Service Life Insurance

Wilmington, Delaware, United States

American Service Life Insurance Co. is a provider of life insurance products.

Sell -
Mergr

Product

Company

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