Bcbs Louisiana Elevance Acquisition Update

BCBS Louisiana Elevance was acquired by Blue Cross and Blue Shield of Louisiana, expanding its network and services to better serve the community.

This acquisition aimed to improve access to quality healthcare for Louisianans, particularly in rural areas.

BCBS Louisiana Elevance brought in new healthcare providers and specialists, enhancing the overall healthcare experience for its members.

With this acquisition, BCBS Louisiana Elevance strengthened its commitment to providing affordable and comprehensive health insurance plans to its members.

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Elevance Health is poised to acquire Blue Cross Blue Shield of Louisiana, with the two organizations entering into a definitive agreement.

The acquisition builds on the existing collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members.

The combination will create a multibillion-dollar foundation, the Accelerate Louisiana Initiative, to address health inequities and strengthen local communities.

The Louisiana plan headquarters will remain in Baton Rouge, and will continue to serve its customers locally through its workforce of about 3,000 employees.

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Elevance Health's affiliated Anthem Blue Cross Blue Shield plans will now operate within 15 states across the country.

The acquisition is expected to close later this year and is subject to customary closing conditions and receipt of certain required approvals.

Elevance Health President and CEO Gail Boudreaux said the combination will provide services unique to the needs of Louisiana through a whole health personalized approach.

Dr. I. Steven Udvarhelyi, president and CEO of Blue Cross and Blue Shield of Louisiana, said the partnership will allow them to accelerate their mission of improving the health and lives of Louisianians.

BCBSLA will serve more than 1.9 million members with capabilities developed by Elevance Health and its healthcare services organization, Carelon.

Carelon delivers behavioral health, complex and chronic care programs, as well as digital models, with more than $4 billion invested over the past several years.

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The deal status between BCBS Louisiana and Elevance Health has been a bit of a rollercoaster.

BCBS Louisiana has again delayed its merger with Elevance Health, withdrawing its filing with the Louisiana Department of Insurance and canceling the policyholder proxy and vote process.

This is not the first delay, as the insurer had previously announced its intent to be acquired by Elevance Health in 2023.

Elevance Health, formerly known as Anthem, is the largest for-profit managed healthcare company in the Blue Cross Blue Shield Association.

The acquisition is expected to close later this year and is subject to customary closing conditions and receipt of certain required approvals.

BCBS Louisiana will continue to serve its customers locally through its workforce of about 3,000 employees.

The deal was first announced in 2023, with BCBS Louisiana saying it would help the insurer remain a trusted partner in the healthcare journey of its members.

The merger would see BCBS Louisiana join Elevance Health's affiliated Anthem Blue Cross Blue Shield family of brands.

Elevance Health and BCBS Louisiana are aligned in a mission to improve access, quality, and affordability for Louisianans.

BCBS Louisiana will serve more than 1.9 million members with capabilities developed by Elevance Health and its healthcare services organization, Carelon.

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