Home Health Care News November 26, 2024
Elevance Health to acquire CareBridge
Elevance Health (NYSE: ELV) is emerging as another “payvider.” It announced last month that it has agreed to acquire the home-based care company CareBridge. The deal is reportedly worth $2.7 billion.
CareBridge is a value-based solutions platform for home- and community-based services. After its founding in 2019, the company raised significant capital, quickly reaching a $1 billion valuation.
Bill Frist and Brad Smith – the former director of the Center for Medicare and Medicaid Innovation (CMMI) – started the company.
“Carelon recently entered into an agreement to acquire CareBridge, a value-based manager of HCBS for chronic and complex members that will serve as the foundation for Carelon’s home health business, and we are excited to...
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