Indianapolis-based Anthem Inc. (NYSE: ANTM) says it is acquiring a Medicaid plan from Integra Managed Care, a New York-based company that helps adults with long term care needs and disabilities. Terms of the deal were not disclosed, however Anthem says the acquisition aligns with its goal to grow its Medicaid business.
Integra serves 40,000 Medicaid members, who require long-term care but are able to live at home.
“Like Anthem, Integra has established connections with community groups to gain a deeper understanding of how to best support the whole-health needs of the people we are privileged to serve.” said Felicia Norwood, executive vice president of Anthem’s government business division.
Anthem says the acquisition is expected to close by the end of the second quarter of 2022 and is subject to customary closing conditions.