October 29, 2020

Press Release

Anthem, Inc. Completes Acquisition of HealthSun

| 12/28/2017

INDIANAPOLIS -- Anthem, Inc. (NYSE:ANTM) announced the completion of its acquisition of HealthSun, one of the fastest-growing integrated Medicare Advantage health plans and health care delivery networks in Florida.

“We are very pleased to complete the acquisition of HealthSun which has been widely recognized for providing superior care and demonstrating better health outcomes for Medicare Advantage consumers in Florida,” said Gail K. Boudreaux, President and Chief Executive Officer, Anthem. “As a company, Anthem is committed to increasing access to affordable health care while also simplifying the health care experience for our consumers. The acquisition of HealthSun will benefit our Medicare Advantage consumers in Florida and the company’s extensive experience in creating unique integrated delivery systems will help us to better serve all of our Medicare Advantage consumers as we move forward.”

Since its founding in 2005, HealthSun has seen exceptional growth in membership and now serves more than 40,000 Medicare Advantage consumers in Miami-Dade and Broward counties through its network of 19 wholly-owned primary care and specialty centers. In addition, HealthSun also provides pharmacy support, transportation services, a dedicated network of physician specialists, and integrated medical cost management. HealthSun will operate as a wholly-owned subsidiary of Anthem and their associates will join Anthem’s Government Business Division.

“We are excited to become part of the Anthem family,” said Ron Schutzen, President and CEO of HealthSun. “We remain committed to providing our consumers with access to high-quality care, as we continue to grow with Anthem to build industry leading capabilities to serve those who need us most.”

With the addition of HealthSun, Anthem’s affiliated Medicare and Medicaid plans now serve more than 650,000 consumers in Florida. Financial terms of the transaction were not disclosed and the transaction is expected to be slightly accretive to earnings in 2018.

About Anthem, Inc.

Anthem is working to transform health care with trusted and caring solutions. Our health plan companies deliver quality products and services that give their members access to the care they need. With over 73 million people served by its affiliated companies, including more than 40 million within its family of health plans, Anthem is one of the nation’s leading health benefits companies. For more information about Anthem’s family of companies, please visit www.antheminc.com/companies

Tags: Healthcare, Insurance

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