Anthem, Inc. Completes Acquisition of Integra Managed Care
INDIANAPOLIS--(BUSINESS WIRE)--May 5, 2022-- Anthem, Inc. (NYSE: ANTM) today announced the completion of its acquisition of Integra Managed Care, a Managed Long-Term Care Plan in New York that helps adults with long term care needs and disabilities live safely and independently in their own home.
“We’re pleased to complete this acquisition and work alongside our new colleagues as we continue to grow our Medicaid business and enhance the healthcare experience for all of our members,” said Felicia Norwood, Executive Vice President of Anthem’s Government Business Division. “Anthem and Integra’s shared commitment to deliver high quality, comprehensive whole-health care across communities throughout New York ensures that our members will continue to receive the care and support services that they have come to expect.”
Serving over 40,000 Medicaid members, Integra helps its members live safely and independently through its dedicated care management team, including a Registered Nurse, Social Worker, and Coordinator. These teams work in close partnership with members, their families, and health care providers to ensure their long-term care needs are met. Integra’s service areas include the five boroughs of New York, Nassau, Suffolk, and Westchester.
Integra associates have joined Anthem’s Government Business Division. Financial terms of the transaction were not disclosed. Anthem’s legal advisors are White & Case, Hinman Straub, and Lewis Rice. Ruskin Moscou Faltischek, Greenberg Traurig, and ESOP Law Group are acting as legal advisors for Integra. Stifel acted as the exclusive financial advisor to Integra in this transaction.
About Anthem, Inc.
Anthem is a leading health company dedicated to improving lives and communities, and making healthcare simpler. Through its affiliated companies, Anthem serves more than 118 million people, including more than 45 million within its family of health plans. Delivering health beyond healthcare, Anthem is expanding from being a partner in health benefits to a lifetime, trusted health partner. For more information, please visit www.antheminc.com or follow @AnthemInc on Twitter.
About Integra Managed Care
Integra Managed Care is a New York State Managed Long Term Care Plan designed for adults living with long-term disabilities. Integra’s goal is to help members live safely and independently in the comfort of their own home with a dedicated team of nurses and social workers who will ensure the care and services that will help individuals live as independently as possible.
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Source: Anthem, Inc.