Anthem, Aspire Exec Brad Smith to Lead Medicare’s Innovation Center

The Centers for Medicare and Medicaid Innovation (CMMI)’s new director is Brad Smith, the U.S. Department of Health and Human Services (HHS) announced Monday. Previously, Smith co-founded and worked as the CEO of the home-based palliative care provider Aspire Health before it was sold to national insurance giant Anthem in May 2018. He most recently […]

M&A and Financing Newsflash: Anthem Completes Acquisition of Aspire Health

Anthem Finalizes Deal for Aspire Health Months Ahead of Schedule  Insurer Anthem, Inc. (NYSE: ANTM) has completed its acquisition of Aspire Health, the nation’s largest provider of non-hospice, community-based palliative care. Financial terms of the transaction were not disclosed. Indianapolis-based Anthem and its affiliated companies provide products and services to more than 74 million people. […]

Insurer Anthem Strikes Deal for Palliative Care Company Aspire Health

National health insurance giant Anthem, Inc. (NYSE: ANTM) is buying Nashville-based Aspire Health, the nation’s largest non-hospice, community-based palliative care provider. Terms of the deal were not disclosed. Anthem’s play for Aspire Health, announced Wednesday, is the latest deal to further blur the lines between insurance companies and in-home care businesses. Humana (NYSE: HUM) and […]

Palliative Care Company Secures $32 Million from Google’s VC Firm

A Nashville-based palliative care provider co-founded by former U.S. Senate Majority Leader Bill Frist has received $32 million from an investment round led by GV, formerly known as Google Ventures, the venture capital arm of Alphabet Inc. (Nasdaq: GOOG). The new company, Aspire Health, was founded by Frist and CEO Brad Smith three years ago after […]

Palliative Care Drives Value in New Payment Landscape

New payment models are upon us, and palliative care providers are jumping on the opportunities to expand their reach with other health care groups. With the fee-for-service era on its way out, alternative payment models for palliative care are growing. “Payment change is happening now,” Phil Rodgers, MD FAAHPM, said while speaking at the AAHPM […]