M&A Deal Summary

Elevance Health Acquires HealthCore

On November 10, 2003, Elevance Health acquired healthcare services company HealthCore

Acquisition Highlights
  • This is Elevance Health’s 3rd transaction in the Healthcare Services sector.
  • This is Elevance Health’s 3rd transaction in the United States.
  • This is Elevance Health’s 1st transaction in Delaware.

M&A Deal Summary
Date 2003-11-10
Target HealthCore
Sector Healthcare Services
Buyer(s) Elevance Health
Deal Type Add-on Acquisition

Target

HealthCore

Wilmington, Delaware, United States
HealthCore, based in Wilmington, Del., is the clinical outcomes research subsidiary of  WellPoint, Inc.HealthCore has a team of highly experienced researchers including  physicians, biostatisticians, pharmacists, epidemiologists,health economists and other scientist who study the “real world” safety and  effectiveness of drugs,  medical devices and care management interventions. HealthCore offers insight on how to best use this  data and communicates these findings to health care decision‐makers  to support evidence‐based medicine, product development decisions, safety monitoring, coverage decisions, process improvement and overall cost‐effective health care.

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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 3 of 25
Sector (Healthcare Services) 3 of 18
Type (Add-on Acquisition) 2 of 20
State (Delaware) 1 of 1
Country (United States) 3 of 23
Year (2003) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-30 Golden West Dental & Vision

Camarillo, California, United States

Golden West Dental & Vision, our mission is to provide you with exceptional service and quality plans. Providing exceptional service to our brokers, members and dentists is our number one priority. We recognize you have many choices when it comes to selecting a dental and vision plan for your family, clients and or employees. Our mission is to be there for you when you need us most. We accomplish this by providing you with knowledgeable, bi-lingual customer service representatives, many of whom have had actual dental office experience. In addition, we maintain a twenty-four hour emergency customer service line to handle those unpredictable emergencies you may encounter.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 WellPoint Health Networks

Thousand Oaks, California, United States

WellPoint Health Networks, Inc. is a provider of health insurance services.

Buy $20.9B
Mergr

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