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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 acquisition was completed on Mar. 2, 2020. [2] Prior to the acquisition, Beacon Health was the largest privately held company of its kind in the United States . The company is the product of a 2014 merger between Beacon Health Strategies, LLC and ValueOptions, Inc. [ 3 ] The company rebranded as Carelon Behavioral Health in 2023.
It also sold Acordia to management. [19] In 1999, Anthem acquired Blue Cross and Blue Shield of New Hampshire and Blue Cross and Blue Shield of Colorado and Nevada. The acquisitions made since 1996 added 850,000 policy holders. Among its customer base were 2.4 million PPO and 964,000 HMO enrollees. [20]
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