The deal will expand Elevance’s capabilities to provide affordable specialty medication services for patients with chronic and complex illnesses. Credit: rafapress / Shutterstock.

US-based health company Elevance Health has completed the deal to buy Paragon Healthcare, a provider of infusible and injectable therapies.  

Headquartered in Plano, Texas, US, Paragon Healthcare was founded in 2022 and operates a network of ambulatory infusion centres, home infusion and other specialty pharmacies.  

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At present, the company has over 40 ambulatory infusion centres and caters to more than 35,000 patients across eight US states, namely Colorado, Alabama, Florida, Georgia, Texas, Missouri, Oklahoma, and Tennessee.  

The acquisition, whose financial details remain undisclosed, was agreed upon in January 2024.  

It is set to expand Elevance Health’s capabilities to provide affordable and easy access to speciality medication services, particularly for patients with chronic and complex illnesses.  

Paragon Healthcare will now be integrated into CarelonRx, the pharmacy services segment of Carelon, which is Elevance Health’s health services division. 

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In addition, Elevance Health looks to expand Paragon Healthcare’s geographic reach and operations.  

This expansion is expected to strengthen the company’s therapeutic coverage and ensure that members gain access to medications on time. 

Elevance Health executive vice president and Carelon president Pete Haytaian said: “We are excited to welcome Paragon Healthcare – a leading provider of infusion services – to our Elevance Health family. 

“Together, we have the opportunity to provide members with greater choice on where they receive their infused medications, which will ultimately remove barriers to care, increase medication adherence, lower costs of care, and better support members’ whole health.” 

Elevance Health serves around 117 million people via its portfolio of medical, digital, pharmacy, behavioural, clinical, and complex care solutions.