M&A Deal Summary

Elevance Health Acquires America’s 1st Choice of South Carolina

On October 24, 2017, Elevance Health acquired insurance company America’s 1st Choice of South Carolina

Acquisition Highlights
  • This is Elevance Health’s 5th transaction in the Insurance sector.
  • This is Elevance Health’s 16th transaction in the United States.
  • This is Elevance Health’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2017-10-24
Target America’s 1st Choice of South Carolina
Sector Insurance
Buyer(s) Elevance Health
Deal Type Add-on Acquisition

Target

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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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 17 of 25
Sector (Insurance) 5 of 6
Type (Add-on Acquisition) 14 of 20
State (South Carolina) 1 of 1
Country (United States) 16 of 23
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 HealthSun Health Plans

Coconut Grove, United States

HealthSun Health Plans, Inc. is a provider of an integrated medicare advantage health plans and healthcare delivery networks. HealthSun Health Plans was founded in 2005 and is based in Coconut Grove, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 Aspire Health

Nashville, Tennessee, United States

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

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