Anthem Adds Aspire Health to Its Care Roster

Anthem Adds Aspire Health to Its Care Roster

by | May 24, 2018 10:29 am | Home Health & Hospice, Managed Care

Anthem Inc. (NYSE: ANTM) isn’t sitting still while other managed care companies scoop up physician practices and post-acute services. The Indianapolis-based health insurer announced on May 23 that it will acquire Aspire Health, the nation’s largest non-hospice, community based palliative care provider. Financial terms were not disclosed. Aspire Health was founded in 2013 by former U.S. Senator and physician William Frist (R-TN) and Brad Smith. The latter serves as CEO of the company. Aspire currently provides services under contracts with more than 20 health plans to consumers in 25 states. The company uses proprietary predictive clinical and claims-based patient algorithms to... Read More »
Deal of the Week: Express Scripts Diversifies

Deal of the Week: Express Scripts Diversifies

by | Oct 11, 2017 2:04 pm | Managed Care, Other Services, Private Equity

Express Scripts (NASDAQ: ESRX) didn’t hedge its bets that online retail giant Amazon will enter the prescription drug delivery market.  On October 10, the leading pharmacy benefit manager (PBM) acquired South Carolina-based eviCore healthcare from its current investors, including General Atlantic, TA Associates, and Ridgemont Equity Partners, for $3.6 billion. The deal follows rumors that Amazon is contemplating entering the prescription drug delivery market in an attempt to improve price transparency for consumers and reduce out-of-pocket costs.  Last April, Express Scripts lost Anthem, Inc. (NYSE: ANTM) as a client, and with it, 18% of annual revenue. The threat of... Read More »