Elevance Health Set to Acquire Centers Plan for Healthy Living

Elevance Health has unveiled plans to acquire Centers Plan for Healthy Living, a distinguished Medicaid long-term care plan headquartered in New York. The anticipated acquisition was officially disclosed in a filing submitted to the Securities and Exchange Commission on February 21. Elevance Health anticipates finalizing the deal in the third quarter of 2024, marking a significant development in the healthcare landscape. 

Centers Plan for Healthy Living stands as one of the largest long-term managed care plans in the state of New York, boasting a substantial membership base of 53,000 individuals, as reported by the Empire Center, a reputable think tank, in an April 11 update. In comparison, Elevance Health currently serves 57,000 long-term care enrollees within the state. This strategic acquisition positions Elevance Health to further consolidate its presence and broaden its reach in the healthcare sector, particularly within the domain of long-term care provision.