Anthem Inc. will acquire Aspire Health Inc., a non-hospice, community-based palliative care provider based in Tennessee.
Financial terms of the deal were not disclosed. The transaction is expected to close in the third quarter and is subject to standard closing conditions and customary approvals required under the Hart-Scott-Rodino Antitrust Improvements Act.
The deal is expected to be neutral to Anthem's earnings in 2018 and accretive in 2019.
Aspire Health has contracts with more than 20 health plans that cover consumers in 25 states.
