Elevance Health, a health insurance provider based in Indianapolis, has acquired BioPlus from CarepathRx, a portfolio company of Nautic Partners.

BioPlus offers a range of pharmacy services for patients with chronic conditions such as cancer, multiple sclerosis, hepatitis C, autoimmune diseases and rheumatology. The deal aims to help Elevance Health meet the drug needs of its clients and customers with a whole-health approach, supported by programs across Elevance Health and Carelon, Elevance Health’s healthcare services brand.

“In making BioPlus part of the Elevance Health family, we are committed to leveraging our resources to scale and broaden the reach of BioPlus’ best-in-class specialty pharmacy capabilities, delivering greater affordability and access to critical medications,” states Pete Haytaian, executive vice president of Elevance Health and president of Carelon.