Indianapolis-based Anthem. Inc. (NYSE:ANTM) has finished its acquisition of privately-held America’s 1st Choice. The for-profit Medicare Advantage organization offers HMO products under its Optimum and Freedom Health brands in Florida, and also operates America’s 1st Choice of South Carolina.
“America’s 1st Choice shares Anthem’s ambition to make a difference in health care for Medicare Advantage consumers as well as for those who have special health needs,” said Gail K. Boudreaux, President and Chief Executive Officer, Anthem. “We know that these individuals want high quality plans with support services to help them lead healthier, full lives. America’s 1st Choice has become one of the leading Medicare Advantage organizations in Florida by offering a well-regarded provider-focused health care model that has resulted in strong growth among Medicare Advantage and highly complex populations with special needs. We look forward to working with our America’s 1st Choice colleagues and are very proud that Anthem will now be the only publicly traded company to offer five 5-star plans as part of its portfolio.”
America’s 1st Choice was founded in 2008 and serves approximately 130,000 Medicare customers. The company will operate as a wholly-owned subsidiary of Anthem. Financial terms of the deal were not disclosed.