About Elevance Health
Elevance Health is a company based in Indianapolis (United States) founded in 2004 was acquired by University Health Plans in September 2024.. The company has 104,200 employees as of December 31, 2024. Elevance Health has completed 4 acquisitions, including BioPlus Specialty Pharmacy, Blue Cross and Blue Shield of Louisiana and Granular Insurance. Elevance Health offers products and services including Health Plans, Digital Health Solutions, and Community Health Programs. Elevance Health operates in a competitive market with competitors including Oscar, Devoted Health, Clover Health, Bright HealthCare and Friday Health Plans, among others.
- Headquarter Indianapolis, United States
- Employees 104200 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial ServicesHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Elevance Health, Inc.
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Annual Revenue
$176.81 B3.19as on Dec 31, 2024
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Net Profit
$5.98 B-0.12as on Dec 31, 2024
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
104200
as on Dec 31, 2024
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Investments & Acquisitions
BioPlus Specialty Pharmacy
& 3 more
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Acquired by
University Health Plans
(Sep 25, 2024)
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IPO & Listings of Elevance Health
Elevance Health is a publicly listed company on the NYSE with ticker symbol ELV in USA, operating in the Health services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Elevance Health
Elevance Health offers a comprehensive portfolio of products and services, including Health Plans, Digital Health Solutions, and Community Health Programs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides coverage for medical, behavioral, and pharmacy needs.
Uses data and AI to improve healthcare delivery and outcomes.
Addresses social drivers like housing and food for better health.
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Leadership Team
259 people
Software Development Team
218 people
Sales and Marketing
87 people
Data Analysis and Operations Team
53 people
Legal and Compliance
43 people
Finance and Accounting
34 people
Product Management Team
29 people
Operations Team
24 people
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Funding Insights of Elevance Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Elevance Health
Elevance Health has secured backing from 1 investor. Prominent investors backing the company include University Health Plans. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Health insurance plans are administered for university students and staff.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elevance Health
Elevance Health has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include BioPlus Specialty Pharmacy, Blue Cross and Blue Shield of Louisiana and Granular Insurance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Risk management solutions are provided for self-funded insurers.
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2020 | ||||
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Home infusion therapy services are provided to patients nationwide.
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2002 | ||||
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Digital telecommunication system is provided for patients and providers.
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1989 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Elevance Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elevance Health Comparisons
Competitors of Elevance Health
Elevance Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Oscar, Devoted Health, Clover Health, Bright HealthCare and Friday Health Plans, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online health insurance is provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Healthcare insurance plans are provided for individuals and Medicare services.
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| domain | founded_year | HQ Location |
Medicare Advantage plans and related services are provided.
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| domain | founded_year | HQ Location |
Health insurance is offered online to individuals and businesses.
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| domain | founded_year | HQ Location |
Online health insurance plans are provided for individuals.
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| domain | founded_year | HQ Location |
Online health insurance is provided for individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elevance Health
Frequently Asked Questions about Elevance Health
When was Elevance Health founded?
Elevance Health was founded in 2004.
Where is Elevance Health located?
Elevance Health is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
How many employees does Elevance Health have?
As of Dec 31, 2024, the latest employee count at Elevance Health is 104,200.
What is the annual revenue of Elevance Health?
Annual revenue of Elevance Health is $176.81B as on Dec 31, 2024.
What does Elevance Health do?
Elevance Health was established in 2004 in Indianapolis, United States, within the health insurance sector. Operations are conducted via an internet-first approach, delivering commercial, Medicare, and Medicaid plans. Focus is directed toward whole health factors to support outcomes for employers, individuals, families, and communities across the region. Services encompass a range of coverage options tailored to diverse needs in the healthcare market.
Who are the top competitors of Elevance Health?
Elevance Health's top competitors include Oscar, Devoted Health and Clover Health.
What products or services does Elevance Health offer?
Elevance Health offers Health Plans, Digital Health Solutions, and Community Health Programs.
Is Elevance Health publicly traded?
Yes, Elevance Health is publicly traded on NYSE under the ticker symbol ELV.
How many acquisitions has Elevance Health made?
Elevance Health has made 4 acquisitions, including BioPlus Specialty Pharmacy, Blue Cross and Blue Shield of Louisiana, and Granular Insurance.
Who are Elevance Health's investors?
Elevance Health has 1 investor. Key investors include University Health Plans.
What is Elevance Health's ticker symbol?
The ticker symbol of Elevance Health is ELV on NYSE.
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