BATON ROUGE, La. (BRPROUD) – Blue Cross and Blue Shield of Louisiana is on track to become Elevance Health, Inc.’s latest acquisition, according to a Monday, Jan. 23 announcement from both companies.

Once the acquisition is closed later this year, Elevance Health, Inc., previously known as Anthem, Inc., will include BCBSLA among its affiliated Anthem Blue Cross Blue Shield family of brands.

Elevance Health says the new combination is an expansion of the existing collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members.

The companies say the acquisition will benefit members by accelerating BCBSLA’s plans to improve access, affordability and quality of services. Members will be able to use services provided by Elevance’s healthcare services organization, Carelon. These services include behavioral health, complex and chronic care programs, and innovative digital models.

BCBSLA has been in existence for nearly 90 years and serves more than 1.9 million members.