Anthem completes acquisition of Aspire Health months ahead of schedule

anthem
Anthem's acquisition of palliative care provider Aspire Health is a done deal, and months ahead of schedule. (Matthew Hurst / CC BY-SA 2.0)

Anthem's purchase of Aspire Health is officially a done deal, and months ahead of schedule. 

The Indianapolis-based insurer announced the completion of its acquisition of the country's "largest non-hospice community-based palliative care provider," which serves 25 states and Washington, D.C.

The announcement comes less than a month after Anthem first announced the merger, which was originally expected to close in the third quarter of 2018. Anthem did not immediately respond to FierceHealthcare's request for why the merger was completed early. 

Innovation Awards

Submit your nominations for the FierceHealthcare Innovation Awards

The FierceHealthcare Innovation Awards showcases outstanding innovation that is driving improvements and transforming the industry. Our expert panel of judges will determine which companies demonstrate innovative solutions that have the greatest potential to save money, engage patients, or revolutionize the industry. Deadline for submissions is this Friday, October 18th.

“With the addition of Aspire, we are able to expand our capabilities and serve a broader set of consumers in the home and other settings outside of the hospital, while further deepening our relationships within the healthcare community," Gail K. Boudreaux, president and CEO of the Anthem, said in a statement. 

Financial terms of the deal were not disclosed, but Anthem said the purchase is neutral to 2018 earnings and accretive to earnings next year.

Anthem's purchase follows similar, recent steps taken by rival insurers AetnaUnitedHealth and Humana. Humana, in particular, has teamed up with investors to purchase two large post-acute care providers including Kindred Healthcare and Curo Health Services. 

Suggested Articles

In a letter, 111 physician organizations weighed in on surprise billing, urging Congress not to turn more power over to health insurers.

Even when taking into account increased resources, general and vascular procedures performed in teaching hospitals are better for high-risk patients.

As members of Congress wrangle over the best way to stop surprise medical bills, one senator predicts Washington will pass a new law soon.