Healthcare DIVE February 2, 2021
Dive Brief:
- Anthem has entered into a deal with InnovaCare Health to acquire its Puerto Rico subsidiaries, which include Medicaid and Medicare Advantage plans, the payer said Tuesday. Financial terms of the deal, expected to close by the second quarter, were not disclosed.
- Anthem’s entrance into Puerto Rico will net the Indianapolis, Indiana-based insurer the largest Medicare Advantage plan and the second-largest Medicaid plan on the island, which conduct business as MMM.
- Anthem touted that MMM has a network of specialized clinics with more than 10,000 providers across Puerto Rico, allowing for a more whole-health experience.
Dive Insight:
Anthem’s government business fueled the bulk of its enrollment growth in 2020 as commercial enrollment was stagnant.
Overall, Anthem’s government...
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