Elevance is latest to invest in home health with Carebridge acquisition

Elevance is latest to invest in home health with Carebridge acquisition 
HealthLeaders; by Jay Asser; 11/4/24 
The home-based care business is seeing increased interest and could be ripe for more activity going forward. Key Takeaways: 

• During its third quarter earnings call, Elevance Health revealed that its subsidiary Carelon intends to purchase home health company CareBridge.
• The acquisition will drive Carelon’s home health business, CEO Gail Boudreaux said, as Elevance follows insurers like Humana and UnitedHealth Group into the space.
• Carelon will add to its portfolio after reporting total operating revenue of $13.8 billion in the third quarter, representing 15% growth year over year.