Tuesday, January 24, 2023
Elevance Health, Inc. and Blue Cross and Blue Shield of Louisiana announced that the companies have entered into a definitive agreement through which Elevance Health agrees to acquire Blue Cross and Blue Shield of Louisiana (BCBSLA). BCBSLA will join Elevance Health’s affiliated Anthem Blue Cross Blue Shield family of brands.
The combination builds on the existing collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members. It will also accelerate BCBSLA’s strategic evolution to improve access, affordability and quality of services delivered by BCBSLA to the more than 1.9 million members they serve with capabilities developed by Elevance Health and its healthcare services organisation, Carelon. With more than US$4 billion invested over the past several years, Carelon delivers behavioral health, complex and chronic care programs, and innovative digital models.
The acquisition is expected to close later this year and is subject to customary closing conditions and receipt of certain required approvals. Upon closing, Elevance Health’s affiliated Anthem Blue Cross Blue Shield plans will now operate within 15 states across the country.