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Carelon Health, (formerly CareMore) a subsidiary of Elevance Health through its Carelon brand, is an integrated health plan and care delivery system for Medicare and Medicaid patients. The company was founded in 1992 as CareMore by Sheldon Zinberg and Johnn Edelston, President of HealthPro Associates through the merger of Community IPA managed ...
The original company, called MedPartners Inc., was founded as a physician and pharmacy benefits management company in 1993. [1] It was founded in Birmingham, Alabama by former HealthSouth Corporation chief executive Richard Scrushy. [1] New Enterprise Associates was an initial investor in the company. [2] MedPartners went public in February ...
Carelon Behavioral Health, formerly known as Beacon Health Options, is a behavioral health company based in Boston, Massachusetts. On Jun. 6, 2019, Anthem, Inc. (now Elevance Health ) announced that it had entered into a definitive agreement to acquire Beacon Health Options. [ 1 ]
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In 2000, WellPoint acquired PrecisionRx, a mail service pharmacy fulfillment center in Texas. [31] In 2001, WellPoint offered to acquire CareFirst BlueCross BlueShield for $1.37 billion, including $119 million in bonuses to Carefirst executives. [32] In 2003, the offer was rejected by the Maryland insurance commissioner. [33]
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