ValueOptions
Carelon Behavioral Health
Behavioral health company based in Boston, Massachusetts
Carelon Behavioral Health, formerly known as Beacon Health Options, is a behavioral health company based in Boston, Massachusetts.
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On Jun. 6, 2019, Anthem, Inc. (now Elevance Health) announced that it had entered into a definitive agreement to acquire Beacon Health Options.[1] The acquisition was completed on Mar. 2, 2020.[2] Prior to the acquisition, Beacon Health was the largest privately held company of its kind in the United States. The company is the product of a 2014 merger between Beacon Health Strategies, LLC and ValueOptions, Inc.[3] The company rebranded as Carelon Behavioral Health in 2023.[4]
The company currently employs 4,700 people nationwide, serving over 40 million people.