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Anthem announced that the company has entered into a definitive agreement to acquire Beacon Health Options, the largest independently held behavioral health organization in the country. Beacon currently serves more than 36M individuals across all 50 states, including nearly 3M individuals under comprehensive risk-based behavioral programs. The acquisition aligns with Anthem's strategy to diversify into health services and deliver market-leading integrated solutions and care delivery models that personalize care for people with complex and chronic conditions. Upon completion, Beacon, combined with Anthem's behavioral health business, will operate as an integrated team within Anthem's Diversified Business Group. Russell Petrella, Ph.D., Beacon Health Options President and CEO, as well as other key members of Beacon's senior team, will join Anthem's Diversified Business Group to lead the efforts to offer innovative behavioral health solutions and further expand this business. Anthem will acquire Beacon from Bain Capital Private Equity and Diamond Castle Holdings, who invested to grow and improve the company and help achieve its mission. Financial terms of the transaction were not disclosed. The acquisition is expected to close in the fourth quarter and is subject to standard closing conditions, customary state regulatory approvals and the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction is expected to be slightly accretive to adjusted earnings in 2020.