Elevance Acquires Indiana University’s Health Insurance Business

Anthem Blue Cross and Blue Shield’s parent company Elevance, closed its acquisition of Indiana University Health Plans (IU Health Plans), a managed care organization created by Indiana University Health (IU Health). Financial terms were not disclosed. IU Health Plans will now operate as part of Anthem Blue Cross and Blue Shield in Indiana.

IU Health Plans offers Medicare Advantage plans in 36 counties; these plans have 19,000 members. It also offers fully-insured commercial plans for employers; these plans have 9,600 members.

Anthem Blue Cross and Blue Shield is the trade name of Anthem Insurance Companies, Inc . . .