Forbes October 17, 2024
Elevance Health has signed a deal to purchase Carebridge, a manager of home care and community-based services, the health insurer’s chief executive said Thursday.
Nashville-based Carebridge, which helps coordinate care of individuals who receive home and community-based services by providing 24/7 access to a clinician, generates more than $4 billion annually, according to a spokeswoman with Oak HC/FT, an investment firm that helped start the company. Carebridge was founded in 2019 by investor Brad Smith with support from Annie Lamont at Oak HC/FT.
The agreement to buy Carebridge was disclosed by Elevance Health president and chief executive officer Gail K. Boudreaux during a Thursday morning call to discuss the company’s third quarter earnings.
A purchase price and related financial terms...
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