Anthem, Inc. Completes Acquisition of MMM Holdings, LLC and Affiliates From InnovaCare Well being, L.P.

INDIANAPOLIS–(Business enterprise WIRE)–Anthem, Inc. (NYSE: ANTM) nowadays announced the completion of the acquisition of Puerto…

INDIANAPOLIS–(Business enterprise WIRE)–Anthem, Inc. (NYSE: ANTM) nowadays announced the completion of the acquisition of Puerto Rico-based MMM Holdings, LLC and its Medicare Advantage (MA) system MMM Health care, LLC. as perfectly as affiliated corporations and Medicaid program. Anthem acquired MMM from InnovaCare Overall health, L.P., a leading integrated, worth-primarily based payor and provider support group.

“We’re happy to full the acquisition of MMM and perform with our new colleagues to serve Medicare and Medicaid-qualified people today and customers in Puerto Rico. With our eyesight to be an innovative, beneficial and inclusive health care companion we remain dedicated to maximizing their health care knowledge by giving providers that push better price and satisfy their various requires,” claimed Gail K. Boudreaux, President and CEO, Anthem, Inc.

With much more than 275,000 MA members and above 314,000 Medicaid customers, MMM is the ninth-biggest MA prepare in the state and Puerto Rico’s 2nd-largest Medicaid system. MMM is the island’s major MA strategy and one particular of the speediest-increasing vertically built-in health care organizations in the United States.

“We are happy to formally deliver MMM into the Anthem family due to the fact we share a determination to getting a life span partner in overall health to the individuals we serve,” said Felicia Norwood, EVP and President, Federal government Business enterprise Division for Anthem, Inc. “Our total-human being strategy to wellbeing, which includes addressing the social motorists of overall health, provides Medicare and Medicaid-eligible people access to the products and services and treatment they have to have to improve their wellness and wellbeing.”

MMM’s strategy to serving its members aligns with Anthem’s determination to total-individual well being, with MMM’s provider community and wholly owned unbiased medical doctor associations (IPAs) Castellana Medical professionals Expert services and PHM as well as impartial IPAs. Jointly, MMM’s community incorporates extra than a dozen workplaces and a lot more than 10,000 health care suppliers across the island.

MMM retains the only 4.5 Stars MA contract in Puerto Rico from the Facilities for Medicare and Medicaid Companies (CMS).

About Anthem, Inc.

Anthem is a primary wellbeing positive aspects enterprise devoted to improving upon lives and communities and making health care less difficult. By way of its affiliated businesses, Anthem serves much more than 116 million people today, which includes extra than 43 million inside its family of wellbeing options. We aim to be the most revolutionary, important and inclusive spouse. For a lot more information, make sure you check out www.antheminc.com or adhere to @AnthemInc on Twitter.

About InnovaCare Wellbeing

Primarily based in White Plains, N.Y., InnovaCare Well being improves the lives of users and medical professionals by means of innovative methods for price-based mostly healthcare. Via an integrated portfolio of well being plans, health care assistance organizations, clinical networks and much more, the corporation manages a lot more than 500,000 lives, together with more than 150,000 twin-qualified beneficiaries. InnovaCare’s Medicare Edge options have acquired NCQA accreditation and 4.5-star excellent ratings from the Facilities for Medicare and Medicaid Providers (CMS). For much more data, please take a look at innovacarehealth.com or abide by us on Fb or LinkedIn.

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