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Anthem Closes Purchase of InnovaCare Health's Puerto Rico Affiliates

Analysis  |  By Jack O'Brien  
   June 30, 2021

The deal was first announced in early February.

Anthem Inc. completed its acquisition of MMM Holdings, LLC Wednesday morning.

The deal to acquire InnovaCare Health's Puerto Rico-based affiliates was first announced in early February.

The Indianapolis-based insurer adds more than 275,000 Medicare Advantage members and 314,000 Medicaid members as a result of the MMM transaction.

“We’re pleased to complete the acquisition of MMM and work with our new colleagues to serve Medicare and Medicaid-eligible individuals and consumers in Puerto Rico," Gail K. Boudreaux, CEO of Anthem, said in a statement. "With our vision to be an innovative, valuable and inclusive healthcare partner we remain committed to enhancing their healthcare experience by providing services that drive greater value and meet their diverse needs."

Jack O'Brien is the Content Team Lead and Finance Editor at HealthLeaders, an HCPro brand.

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