{"id":608646,"date":"2023-02-16T13:49:24","date_gmt":"2023-02-16T19:49:24","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/16\/elevance-health-completes-bioplus-specialty-pharmacy-deal\/"},"modified":"2023-02-16T13:49:24","modified_gmt":"2023-02-16T19:49:24","slug":"elevance-health-completes-bioplus-specialty-pharmacy-deal","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/16\/elevance-health-completes-bioplus-specialty-pharmacy-deal\/","title":{"rendered":"Elevance Health completes BioPlus specialty pharmacy deal"},"content":{"rendered":"
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February 15, 2023 02:52 PM<\/span>
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\n\n\"Elevance\n<\/picture>\n<\/a>
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Elevance Health has added specialty pharmacy BioPlus to its portfolio of businesses, the health insurer announced Wednesday.<\/p>\n

Elevance Health purchased BioPlus from CarepathRx, a private equity owned company that provides pharmacy services to hospitals<\/a>, according to a news release. The company announced the transaction<\/a> in November.<\/p>\n

BioPlus will operate as part of CarelonRx, Elevance Health’s pharmacy benefit manager. Elevance Health declined to disclose the acquisition cost.<\/p>\n

BioPlus provides specialty pharmacy services to patients with chronic conditions, including cancer, multiple sclerosis and hepatitis C, and covers more than 100 limited-distribution drugs, according to Elevance Health. The for-profit Blue Cross and Blue Shield carrier plans to expand BioPlus\u2019 offerings to include more complex disease treatment areas.<\/p>\n

\u201cTogether, we will enhance our abilities to provide end-to-end pharmacy services for our consumers by delivering greater affordability and access to critical medications, as well as a superior patient experience,\u201d Carelon President Pete Haytaian said in the news release.<\/p>\n

Elevance Health recently generated $2.57 billion in debt, excluding underwriting discounts and offering expenses, according to a Securities and Exchange Commission filing submitted last week. The company intends to use the proceeds for acquisitions, debt repayments and share repurchases, it notified regulators.<\/p>\n

Last month, Elevance Health announced plans to acquire Blue Cross and Blue Shield of Louisiana<\/a> for an undisclosed price.<\/p>\n

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\n Lauren Berryman<\/p>\n","protected":false},"excerpt":{"rendered":"

Skip to main content February 15, 2023 02:52 PM Elevance Health has added specialty pharmacy BioPlus to its portfolio of businesses, the health insurer announced Wednesday. Elevance Health purchased BioPlus from CarepathRx, a private equity owned company that provides pharmacy services to hospitals, according to a news release. The company announced the transaction in November.<\/p>\n","protected":false},"author":1,"featured_media":608647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[115506,267],"tags":[],"class_list":{"0":"post-608646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-elevance","8":"category-health"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/608646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=608646"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/608646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/608647"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=608646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=608646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=608646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}