March 11, 2024
M&A | Tea Leaves
  • Elevance Health is acquiring Paragon Healthcare, a Texas-based company specializing in infusible and injectable drug therapies. Paragon Healthcare patients will receive medical and pharmacy benefits from Elevance Health subsidiaries and operate within CarelonRx, according to a release. Elevance Health said it will look to “expand Paragon’s Healthcare geographical footprint” once the acquisition is finalized. The deal is expected to close in the first half of this year. Founded in 2002, Paragon Healthcare has more than 40 ambulatory infusion centers across eight states. The company treats more than 300 health conditions for over 35,000 patients. (Articles herehere, and here)