Elevance’s Deal to Buy Paragon Healthcare Valued at over $1B

Elevance Health (ELV.N) will buy private firm Paragon Healthcare for more than $1 billion, according to three people familiar with the matter, Axios reported on Thursday. The health insurer had said earlier on Thursday it would acquire Paragon Healthcare, but did not disclose the financials of the deal. The acquisition is expected to close in the first half of 2024 and is not likely to have a material impact on Elevance’s 2024 adjusted profit, the insurer said.

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Source: https://www.reuters.com/markets/deals/elevances-deal-buy-paragon-healthcare-valued-over-1-billion-axios-2024-01-04

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