AmeriHealth Caritas to invest $15M in a company that serves people with intellectual and developmental disabilities
AmeriHealth Caritas is a subsidiary of Independence Health Group, the parent company of Independence Blue Cross, the Philadelphia region's largest employer.
AmeriHealth Caritas, a Medicaid insurer based in Delaware County, has agreed to invest $15 million in Deon Health, a Michigan start-up that works with states and insurers to improve care for people with intellectual and developmental disabilities, the two companies announced Friday.
Deon was founded in 2024 to work with local providers to help people with intellectual and developmental disabilities (I/DD) overcome the silos that make it hard to coordinate primary care, specialty services, behavioral health, and long-term supports needed to allow individuals to live in community settings.
“We built Deon Health to create a better way to organize care around people with I/DD, their families and the professionals who support them every day,” Sara Ratner, chief executive of Deon Health, said in a news release. “AmeriHealth Caritas brings deep Medicaid experience and shares our commitment to a model built around strong local relationships.”
Other investors in Deon include Town Hall Ventures, First Trust Capital Partners, and Difference Partners.
Independence Health Group, the parent company of Independence Blue Cross, is the majority owner of AmeriHealth Caritas. Independence’s partner in the business is Blue Cross Blue Shield of Michigan. Among the nation’s largest Medicaid insurers, AmeriHealth Caritas has contracts in 13 states and Washington D.C.
