[2] 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.[3] The company rebranded as Carelon Behavioral Health in 2023.
In recent years, Carelon company provided behavioral healthcare management to 41 Fortune 500 companies, national and regional health plans, and federal, state, and local governments.
It also serves over 45 million people in the United States.
Many Beacon locations also hold National Committee for Quality Assurance (NCQA) accreditation.