Elevance Health To Acquire BioPlus Specialty Pharmacy From CarepathRx

Elevance Health (formerly Anthem), entered an agreement with CarepathRx, a portfolio company of Nautic Partners, to acquire BioPlus, a comprehensive specialty pharmacy. Financial terms were not disclosed. The acquisition is expected to close in the first half of 2023.

After the acquisition closes, the specialty pharmacy will operate as part of IngenioRx, Elevance Health’s pharmacy benefit manager within Carelon, Elevance Health’s healthcare services brand. BioPlus’ offerings will complement IngenioRx capabilities and will increase Elevance Health’s ability to provide end-to-end pharmacy services, act as a patient advocate for integrated services, and promote affordability.

BioPlus provides a . . .