Anthem Completes Acquisition of America’s 1st Choice
INDIANAPOLIS --(BUSINESS WIRE)--Feb. 15, 2018-- Anthem, Inc. (NYSE:ANTM) announced today the completion of its acquisition of America’s 1st Choice, a privately‐held, for‐profit Medicare Advantage organization that offers HMO products, including Chronic Special Needs Plans (C-SNP) and Dual-Eligible Special Needs Plans, under its Freedom Health and Optimum brands in Florida . The company also operates America’s 1st Choice of South Carolina .
“America’s 1st Choice shares Anthem’s ambition to make a difference in health care for Medicare Advantage consumers as well as for those who have special health needs,” said Gail K. Boudreaux , President and Chief Executive Officer, Anthem. “We know that these individuals want high quality plans with support services to help them lead healthier, full lives. America’s 1st Choice has become one of the leading Medicare Advantage organizations in Florida by offering a well-regarded provider-focused health care model that has resulted in strong growth among Medicare Advantage and highly complex populations with special needs. We look forward to working with our America’s 1st Choice colleagues and are very proud that Anthem will now be the only publicly traded company to offer five 5-star plans as part of its portfolio.”
Since its founding in 2008, America’s 1st Choice has generated significant membership growth by developing effective engagement programs and building strong provider relationships in the Florida market. America’s 1st Choice currently serves approximately 130,000 Medicare consumers in 25 counties in Florida and three counties in South Carolina . America’s 1stChoice will operate as a wholly-owned subsidiary of Anthem, and its associates will join Anthem’s Government Business Division.
“We are excited to be joining Anthem because of the shared commitment to making health care more accessible and affordable to those who need it most,” said Rupesh Shah , CEO of America’s 1st Choice. “As part of Anthem, we are positioned to help create the health care system of the future.”
With the addition of America’s 1st Choice, Anthem’s affiliated Medicare and Medicaid plans now serve more than 780,000 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
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Source: Anthem, Inc.
Will Feest, 317-488-6057
Eric Lail, 202-508-7879