The acquisition, expected to close in the second quarter, would make myNEXUS a wholly owned subsidiary of Anthem.
Anthem, Inc. announced its intent to acquire myNEXUS, which manages home health benefits for payors, Wednesday morning.
The two organizations entered into an agreement which "aligns with Anthem’s strategy to manage integrated, whole person multi-site care and support, by providing national, large-scale expertise to manage nursing services in the home and facilitate transitions of care," according to a company press release.
The acquisition, expected to close in the second quarter, would make myNEXUS a wholly owned subsidiary of Anthem and part of Anthem's Diversified Business Group.
"Providing timely care for members in their homes allows for both excellent personalized care as well as the comfort of being in preferred environments," Prakash Patel, MD, executive vice president at Anthem and president of Anthem's Diversified Business Group, said in a statement. "Bringing the right level of whole person care into the home has been demonstrated to improve outcomes, reduce readmissions and improve members’ and their family’s experience of wellbeing."
MyNEXUS, which delivers integrated clinical support services to approximately 1.7 million Medicare Advantage members across 20 states, offers a digital platform to automate the home visit process and staffs over 250 clinicians.
"The myNEXUS team is thrilled to be partnering with Anthem to build upon the value we deliver to our customers and their members," Juan Vallarino, CEO of myNEXUS, said in a statement. "The strength of Anthem’s Diversified Business Group platform will allow us to broaden our capabilities as we strive to transform how quality healthcare is delivered to the people we serve."
Recently, Anthem has been been active in acquiring other healthcare organizations.
In February, Anthem entered into an agreement with InnovaCare Health to acquire several of its affiliates in Puerto Rico.
InnovaCare, based in White Plains, New York, is a value-based health insurance company with an integrated portfolio of health plans, medical organizations, and clinical networks. Anthem will acquire InnovaCare's Puerto Rico-based subsidiaries MMM Holdings, LLC (“MMM”), its Medicare Advantage plan MMM Healthcare, LLC, and its affiliated companies and Medicaid plan.
Related: Anthem Enters Agreement to Acquire InnovaCare Health Affiliates
Melanie Blackman is the strategy editor at HealthLeaders, an HCPro brand.