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Anthem Closes Acquisition of Florida Medicaid Specialist Simply Healthcare.

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Vincent

MANews-(C)2009-2015

19 February 2015 - US-based health insurer Anthem, Inc. (NYSE: ANTM) has closed its acquisition of US-based managed care company Simply Healthcare Holdings, Inc., the company said.

Simply Healthcare serves people enrolled in Medicaid and Medicare programs in the US state of Florida.

The deal was announced in December 2014. Terms were not disclosed but reports put the deal value at just under USD 1bn

Simply Healthcare will operate as a wholly-owned subsidiary of Anthem and will remain dedicated to effectively providing access to products and affordable care that meets the needs of the Medicaid and Medicare populations in Florida.

The company's management team will join Anthem's government business division team and continue to lead Simply's operations in Florida.

Simply Healthcare and its affiliates, Better Health and Clear Health Alliance offer a variety of Medicare and Medicaid plans to members in 60 Florida counties and serves 177,000medicaid and 21,000medicare members. With Simply Healthcare, Anthem's affiliated health plans now serve more than 500,000members in Florida.

The transaction is expected to be...

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