Anthem, Inc. Completes Acquisition of myNEXUS Home Health Benefits Manager
April 29 2021 - 8:00AM
Business Wire
Anthem, Inc. (NYSE: ANTM) today announced that it has completed
its acquisition of myNEXUS, Inc. (“myNEXUS”), a comprehensive
home-based nursing management company for payors. myNEXUS delivers
integrated clinical support services for approximately 1.7 million
Medicare Advantage members across 20 states.
“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,” said Prakash Patel,
M.D., Anthem Executive Vice President, and President, Anthem
Diversified Business Group. “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.”
myNEXUS deploys a user-friendly platform for providers to highly
automate the home visit authorization process, speed time to care,
increase provider effectiveness and improve member satisfaction.
The digital platform combines an advanced analytic rules engine,
with a clinical staff of over 250 clinicians to effectively plan
for and to optimize home care. Additionally, myNEXUS has
established a nationwide network of high performing home health
providers and nurse agencies including nine of the top ten highest
quality national and local providers.
myNEXUS will operate as a wholly-owned subsidiary of Anthem and
its associates will join Anthem’s Diversified Business Group.
Financial terms of the transaction were not disclosed. The
company’s 2021 EPS guidance remains unchanged. Anthem’s legal
advisors are White & Case LLP and Faegre, Biddle, Drinker &
Reath LLP. Latham & Watkins LLP and Waller Lansden Dortch &
Davis, LLP are acting as legal advisors for myNEXUS.
About Anthem, Inc.
Anthem is a leading health benefits company dedicated to
improving lives and communities, and making healthcare simpler.
Through its affiliated companies, Anthem serves more than 116
million people, including more than 43 million within its family of
health plans. We aim to be the most innovative, valuable and
inclusive partner. For more information, please visit
www.antheminc.com or follow @AnthemInc on Twitter.
About myNEXUS, Inc.
myNEXUS is a post-acute benefits management company focused on
delivering innovative home and community-based product offerings.
myNEXUS provides comprehensive management services to health plans
and other risk-bearing organizations on an at-risk or
fee-for-service basis for total medical expense related to
Integrated Home Health, Stars Performance Improvement Program,
Social Determinants of Health, Inpatient Avoidance and Clinical
Programs.
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and utilization rates; our ability to secure sufficient premium
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benefit management (“PBM”) business including non-compliance by any
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subsidiaries and increases in required minimum levels of capital;
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dividends on our common stock due to the adequacy of our cash flow
and earnings and other considerations; the potential negative
effect from our substantial amount of outstanding indebtedness; a
downgrade in our financial strength ratings; the effects of any
negative publicity related to the health benefits industry in
general or us in particular; failure to effectively maintain and
modernize our information systems; events that may negatively
affect our licenses with the Blue Cross and Blue Shield
Association; the impact of international laws and regulations;
changes in U.S. tax laws; intense competition to attract and retain
employees; and various laws and provisions in our governing
documents that may prevent or discourage takeovers and business
combinations.
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version on businesswire.com: https://www.businesswire.com/news/home/20210429005258/en/
Media Contact: Michelle Vanstory
Michelle.Vanstory@anthem.com Investor Relations: Stephen
Tanal Stephen.Tanal@anthem.com
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