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Anthem Completes myNEXUS Acquisition

Analysis  |  By Melanie Blackman  
   April 29, 2021

The acquisition will make myNEXUS a wholly owned subsidiary of Anthem.

Anthem Inc. announced the completion of its acquisition of home-based nursing management company myNexus Thursday morning.

MyNexus will operate as a wholly owned subsidiary of Anthem, with its associates joining Anthem's Diversified Business Group.

MyNEXUS delivers integrated clinical support services to approximately 1.7 million Medicare Advantage members across 20 states while also offering a digital platform to automate the home visit process and staffing over 250 clinicians.

"We are excited to combine myNEXUS’ power of digital and advanced analytics to expertly manage and coordinate home-based healthcare with the offerings that the Diversified Business Group brings including a deeper set of clinical pathways and member navigation as well as social drivers of health and behavioral health, to create truly integrated solutions," Prakash Patel, MD, executive vice president at Anthem and president of Anthem's Diversified Business Group, said in a statement. "The addition of myNEXUS fits with Anthem’s strategy to deliver whole person care and offer a seamless end to end experience that will help improve outcomes, reduce readmissions and improve members’ and their family’s experience of wellbeing."

Financial information about the transaction was not disclosed, but Anthem stated that its earnings per share guidance remains unchanged.

The acquisition comes a week after the company released its latest earnings report, and two weeks after the company announced the launch of Hydrogen Health, LLC, a joint venture with K Health and Blackstone Growth.

Related: Anthem to Buy myNEXUS

Related: Anthem Continues to See Membership Growth, Operating Revenue Hits $32.1B

Melanie Blackman is the strategy editor at HealthLeaders, an HCPro brand.

Photo credit: Indianapolis: Circa March 2019: Anthem World Headquarters. Anthem is a Trusted Health Insurance Plan Provider I / Editorial credit: Jonathan Weiss / Shutterstock.com


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