Anthem Adds Beacon Health Options to its Behavioral Offerings

Even without a price disclosed, this is one of the biggest deals we’ll probably see in the Behavioral Health Care sector this year.

Bain Capital Private Equity and Diamond Castle Holdings are selling Beacon Health Options, the largest independently held behavioral health organization in the country. The buyer is managed care giant Anthem, Inc. (NYSE: ANTM).

Beacon currently serves more than 36 million individuals across all 50 states, includign nearly 3 million individuals under comprehensive risk-based behavioral programs. Its service lines incldue clinical mental health and substance use disorder management, a comprehensive employee assistance program, work/life support, specialty programs for autism and depression, and analytics to more than 36 million individuals nationwide.

Anthem will combine its existing behavioral health business with Beacon’s model and support services to scale its integrated behavioral and physical health capabilities. The addition of Beacon’s 36 million lives brings Anthem’s behavioral health coverage to approximately 60 million lives.

The combination will also create one of the most comprehensive behavioral health networks capable of offering more accsesible and affordable care for consumers. Beacon will operate within Anthem’s Diversified Business Group. The acquisition is expected to close in the fourth quarter of 2019.

 

 

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