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Rocky Mountain Hospital Medical Service Inc

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BUSINESS
August 13, 1999 | Bloomberg News
WellPoint Health Networks Inc., one of California's biggest health insurers, ended its quest to outbid competitor Anthem Inc. for Colorado's biggest insurer. WellPoint last month bid $266 million for Rocky Mountain Hospital & Medical Service Inc., the parent of Blue Cross Blue Shield of Colorado and Nevada, hoping to expand beyond its home state.
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BUSINESS
July 30, 1999 | Bloomberg News
WellPoint Health Networks Inc., one of California's biggest health insurers, offered to pay $266 million to buy Rocky Mountain Hospital & Medical Service Inc., the parent of Blue Cross Blue Shield of Colorado & Nevada. The offer includes $150 million that would be spent for charitable uses as part of the nonprofit Rocky Mountain's conversion to a for-profit company. An additional $16 million would go to Anthem Inc.
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