Anthem, Inc.: Anthem Will Form Its Own Pharmacy Benefits Manager, a Credit Positive
FINANCIAL INSTITUTIONS ISSUER COMMENT 23 October 2017 Contacts Dean Ungar +1.212.553.6968 VP-Senior Analyst [email protected] Anthem, Inc. Anthem Will Form Its Own Pharmacy Benefits Manager, a Credit Positive From Credit Outlook On 18 October, Anthem, Inc.  (Baa2 stable) announced that it would form its own pharmacy benefits manager, IngenioRx, which it will launch when its coAnthem is an insurance holding company. Through its subsidiaries, the company is a health benefits company, serving medical members through its affiliated health plans. The company has three segments: Commercial & Specialty Business, which provides fully-insured health products, managed care services to self-funded customers, and other insurance products and services; Government Business, which includes Medicare and Medicaid businesses, its subsidiary, National Government Services, and services provided to the federal government in connection with its Federal Health Products and Services business; and Other, which includes pharmacy benefits management business and integrated health services business.
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