Anthem Completes Aspire Acquisition

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INDIANAPOLIS -

Indianapolis-based Anthem Inc. (NYSE: ANTM) has completed its acquisition of Aspire Health in Tennessee. While financial terms of the deal are not being disclosed, Anthem says the non-hospice palliative care provider will continue to operate as a subsidiary of Anthem in its Diversified Business Group. 

Anthem says Aspire is the largest provider of its kind in the country. Chief Executive Officer Gail Boudreaux says the acquisition furthers the company's focus on offering "innovative, integrated clinical care models."

“With the addition of Aspire, we are able to expand our capabilities and serve a broader set of consumers in the home and other settings outside of the hospital, while further deepening our relationships within the healthcare community," Boudreaux said in a news release. "The addition of Aspire to Anthem’s other clinical care services, such as CareMore and AIM, will provide tremendous benefit to our consumers, customers, health plan and provider partners as well as future growth opportunities for our company."

The acquisition was first announced in late May. It comes as Anthem is in the process of investing $20 million to convert its downtown Indianapolis facility into its new corporate headquarters.

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