Quick Take
Anthem (ANTM) announced it has agreed to acquire Beacon Health Options for an undisclosed amount.
Beacon Health operates as a behavioral healthcare services provider that serves over 36 million patients in the US.
With the deal for Beacon, ANTM is continuing to execute on its stated strategy of pursuing diversified revenue streams and building out its Diversified Business Group.
Target Company
Boston, Massachusetts-based Beacon was founded in 1996 to provide behavioral healthcare services on behalf of employers, health plans and government agencies, such as emotional and mental well-being, resilience and recovery,