Anthem completes acquisition of Aspire Health months ahead of schedule

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. 


How Providers Can Leverage Technology to Accelerate Business Recovery

Join us for this webinar on July 14th at 1pm ET / 10am PT to hear how organizations are responding to the COVID-19 crisis, re-engaging patients with postponed elective services, and utilizing contact tracing to support the health and wellbeing of their communities.

“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

Enrollment in the ACA's exchanges could increase by more than one million due to massive job losses caused by the COVID-19 pandemic.

An Oklahoma specialty hospital affiliated with Tenet Healthcare agreed to pay a $72.3 million to settle a whistleblower lawsuit.

Telehealth startups continue to flourish. Case in point: Doctor on Demand raised $75 million in series D financing led by General Atlantic.