Anthem, Inc. Completes Acquisition of myNEXUS Home Health Benefits Manager
INDIANAPOLIS--(BUSINESS WIRE)-- Anthem, Inc. (NYSE: ANTM) today announced that it has completed its acquisition of myNEXUS, Inc. (“myNEXUS”), a comprehensive home-based nursing management company for payors. myNEXUS delivers integrated clinical support services for approximately 1.7 million Medicare Advantage members across 20 states.
“We are excited to combine myNEXUS’ power of digital and advanced analytics to expertly manage and coordinate home-based healthcare with the offerings that the Diversified Business Group brings including a deeper set of clinical pathways and member navigation as well as social drivers of health and behavioral health, to create truly integrated solutions,” said Prakash Patel, M.D., Anthem Executive Vice President, and President, Anthem Diversified Business Group. “The addition of myNEXUS fits with Anthem’s strategy to deliver whole person care and offer a seamless end to end experience that will help improve outcomes, reduce readmissions and improve members’ and their family’s experience of wellbeing.”
myNEXUS deploys a user-friendly platform for providers to highly automate the home visit authorization process, speed time to care, increase provider effectiveness and improve member satisfaction. The digital platform combines an advanced analytic rules engine, with a clinical staff of over 250 clinicians to effectively plan for and to optimize home care. Additionally, myNEXUS has established a nationwide network of high performing home health providers and nurse agencies including nine of the top ten highest quality national and local providers.
myNEXUS will operate as a wholly-owned subsidiary of Anthem and its associates will join Anthem’s Diversified Business Group. Financial terms of the transaction were not disclosed. The company’s 2021 EPS guidance remains unchanged. Anthem’s legal advisors are White & Case LLP and Faegre, Biddle, Drinker & Reath LLP. Latham & Watkins LLP and Waller Lansden Dortch & Davis, LLP are acting as legal advisors for myNEXUS.
About Anthem, Inc.
Anthem is a leading health benefits company dedicated to improving lives and communities, and making healthcare simpler. Through its affiliated companies, Anthem serves more than 116 million people, including more than 43 million within its family of health plans. We aim to be the most innovative, valuable and inclusive partner. For more information, please visit www.antheminc.com or follow @AnthemInc on Twitter.
About myNEXUS, Inc.
myNEXUS is a post-acute benefits management company focused on delivering innovative home and community-based product offerings. myNEXUS provides comprehensive management services to health plans and other risk-bearing organizations on an at-risk or fee-for-service basis for total medical expense related to Integrated Home Health, Stars Performance Improvement Program, Social Determinants of Health, Inpatient Avoidance and Clinical Programs.
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Source: Anthem, Inc.
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