Elevance Health plans to acquire CareBridge, a home health company, in a deal worth $2.7 billion.
CareBridge, known as the fastest-growing company in Nashville, specializes in providing value-based care for individuals with complex and chronic conditions. It was founded in 2019 by former Medicare officials and operates in 17 states and the District of Columbia.
The acquisition aligns with Elevance's strategy to enhance its Carelon division, which offers various healthcare services, including pharmacy benefits and behavioral health. Elevance CEO Gail Boudreaux emphasized the importance of expanding Carelon's capabilities to effectively manage healthcare spending and provide more value to health plan customers.