Beacon Health Options, Inc. is a behavioral health company based in
Boston, Massachusetts. On Jun. 6, 2019, Anthem, Inc. (now
Elevance Health
Elevance Health, Inc. is an American health insurance provider. The company's services include medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans through affiliated companies such as Anthem Blue Cross and ...
) announced that it had entered into a definitive agreement to acquire Beacon Health Options. The acquisition was completed on Mar. 2, 2020. Prior to the acquisition, Beacon Health was the largest
privately held company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...
of its kind in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
. The company is the product of a 2014
merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...
between Beacon Health Strategies, LLC and ValueOptions, Inc.
The company currently employs 4,700 people nationwide, serving over 40 million people.
Description
Beacon Health Options is a subsidiary of FHC Health Systems, Inc. The company provides behavioral healthcare management to 41
''Fortune'' 500 companies, national and regional health plans, and federal, state, and local governments. Overall, the company serves over 45 million people in the United States. Most Beacon Health Options locations are accredited by
URAC
Headquarters and Offices
The URAC offices are located in Washington, DC at 1220 L Street, NW. URAC is in the heart of the city, close to the White House, the Capitol and congressional offices and major transportation hubs. About half of URAC sta ...
(formerly the Utilization Review Accreditation Commission). Many Beacon locations also hold
National Committee for Quality Assurance (NCQA) accreditation. Prior to joining with Beacon Health Strategies, ValueOptions was the product of a 1998 merger of two smaller companies, Value Behavioral Health and Options Health Care. Today, Beacon Health Options is led by Glenn MacFarlane, Chief Executive Officer.
[{{Cite web, url=https://www.beaconhealthoptions.com/who-we-are/executive-leadership/glenn-macfarlane/, title=Glenn MacFarlane, Chief Executive Officer {{! Beacon Health Options, website=www.beaconhealthoptions.com, language=en-US, access-date=2017-12-11]
References
External links
Company website
Companies based in Boston
Medical and health organizations based in Massachusetts
Insurance companies of the United States