Indianapolis-based insurance giant Elevance Health Inc. has agreed to acquire Indiana University Health Plans, the health care provider’s managed care branch, Elevance Health announced. Elevance Health is the parent company of Anthem Blue Cross and Blue Shield, which will serve as the provider for customers of IU Health Plans after the deal closes. The acquisition is expected to close at the end of the year and is subject to customary closing conditions. IU Health Plans offers Medicare Advantage plans in 36 counties serving 19,000 members as well as fully insured commercial plans for 12,000 more people. It has more than 160 Indiana-based employees.
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Source: https://www.ibj.com/articles/elevance-health-acquiring-iu-health-plans