Carelon Behavioral Health
Carelon Behavioral Health, formerly known as Beacon Health Options, is a behavioral health company based in Boston, Massachusetts.
On Jun. 6, 2019, Anthem, Inc. announced that it had entered into a definitive agreement to acquire Beacon Health Options. The acquisition was completed on Mar. 2, 2020. Prior to the acquisition, Beacon Health was the largest privately held company of its kind in the United States. The company is the product of a 2014 merger between Beacon Health Strategies, LLC and ValueOptions, Inc. The company rebranded as Carelon Behavioral Health in 2023.
The company currently employs 4,700 people nationwide, serving over 40 million people.
As of 2025, Carelon Behavioral Health is the subject of two lawsuits in New York and Connecticut alleging that it operates ghost networks.