The healthcare insurance giant Anthem, Inc. (NYSE: ANTM) is back with a new acquisition. Anthem is buying myNEXUS, Inc. from private equity firm WindRose Health Investors, which has held a majority stake in the company since 2014 when it was known as MTS Health Investors.
myNEXUS is a post-acute benefits management company that provides comprehensive management services to health plans and other risk-bearing organizations on an at-risk or fee-for-service basis for total medical expense related to integrated home health, Stars Performance Improvement Program, Social Determinants of Health, inpatient avoidance and clinical programs. myNEXUS delivers integrated clinical support services for approximately 1.7 million Medicare Advantage members across 20 states.
This transaction aligns with Anthem’s strategy to manage integrated, whole-person multi-site care and support, by providing national, large-scale expertise to manage nursing services in the home and facilitate transitions of care. The myNEXUS solution and network will enhance Anthem’s continued expansion to deliver care for members in a coordinated manner, leveraging both high-touch support and technology-driven capabilities. myNEXUS will operate as a wholly-owned subsidiary of Anthem and will join Anthem’s Diversified Business Group.
Anthem isn’t a stranger to the home health market, according to search results from our Healthcare Deals Database. In 2018, the company purchased Aspire Health, the nation’s largest non-hospice, community-based palliative care provider. At the time of the deal, it provided services under contracts with more than 20 health plans to consumers in 25 states. It was founded in 2013 by former U.S. Senator and physician William Frist (R-TN).
The acquisition of myNexus will not impact Anthem’s 2021 earnings guidance. The health insurer expects the deal to close in the second quarter of 2021.