Anthem Wraps Up Florida Acquisition
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Anthem Inc. (NYSE: ANTM) has completed the acquisition of Simply Healthcare Holdings Inc. The Florida company serves nearly 200,000 Medicaid and Medicare members in the state.
February 18, 2015
News Release
Indianapolis, Ind. — Anthem, Inc. (NYSE: ANTM) announced today the completion of its acquisition of Simply Healthcare Holdings, Inc. (“Simply Healthcare”), a leading managed care company for people enrolled in Medicaid and Medicare programs in the state of Florida.
“The addition of Simply Healthcare to our family of companies grows our presence and enhances our capabilities and offerings to members in Florida, not only in Medicaid but also by giving us a strong foothold in the Medicare Advantage market,” said Joseph Swedish, president and CEO of Anthem, Inc. “This acquisition further enhances our role as a leader serving the high needs populations in the state.”
Simply Healthcare will operate as a wholly-owned subsidiary of Anthem and will remain dedicated to effectively providing access to products and affordable care that meets the needs of the Medicaid and Medicare populations in Florida. Simply Healthcare's management team will join Anthem's government business division team and continue to lead Simply's operations in Florida.
“All of us at Simply Healthcare are looking forward to becoming part of the Anthem family,” said Lourdes T. Rivas, CEO of Simply Healthcare Plans. “We remain committed to our members and our physician network across Florida as we continue to grow with Anthem.”
Simply Healthcare and its affiliates, Better Health and Clear Health Alliance offer a variety of Medicare and Medicaid plans to members in 60 Florida counties and serves 177,000 Medicaid and 21,000 Medicare members. With Simply Healthcare, Anthem’s affiliated health plans now serve more than 500,000 members in Florida.
Financial terms of the transaction were not disclosed. The transaction is expected to be neutral to earnings in 2015. We continue to expect full year 2015 net income to be greater than $9.30 per share, including greater than $0.40 per share of amortization of other intangible assets. Excluding this item, we continue to expect adjusted net income to be greater than $9.70 per share. This guidance includes no investment gains or losses in 2015.
About Anthem, Inc.
Anthem is working to transform health care with trusted and caring solutions. Our health plan companies deliver quality products and services that give their members access to the care they need. With more than 68 million people served by its affiliated companies, including more than 37 million enrolled in its family of health plans, Anthem is one of the nation’s leading health benefits companies. For more information about Anthem’s family of companies, please visit www.antheminc.com/companies.
Source: Anthem Inc.