December 1, 2005
* Health insurer WellPoint Inc. said Leonard D. Schaeffer had resigned as chairman and was succeeded by Chief Executive Larry C. Glasscock. Schaeffer, 60, former chairman and CEO of WellPoint Health Networks Inc. of Thousand Oaks, relinquished his board seat a year after Anthem Inc. bought the company and took its name. * Hewlett-Packard Co. said the head of its software business was resigning after five years on the job.
July 27, 1993
WellPoint Health Networks Inc., the for-profit subsidiary of Woodland Hills-based Blue Cross of California, said it signed a tentative agreement with HealthCare Compare Corp. in Illinois that will extend WellPoint's medical provider networks nationwide. WellPoint said the alliance will add about 100,000 physicians and 1,350 hospitals nationwide to WellPoint's existing network of 34,000 doctors and 470 hospitals in California.
January 29, 2003 |
WellPoint Health Networks Inc.'s $1.37-billion bid for CareFirst BlueCross BlueShield falls short of the nonprofit health insurer's worth, according to a report commissioned by the District of Columbia. CareFirst, which has 3.2 million customers in the District of Columbia, Maryland, Virginia and Delaware, is worth $1.65 billion to $1.75 billion, said an independent consultant, Cain Bros. & Co. An earlier report commissioned by Maryland regulators estimated CareFirst's value at $1.
November 5, 2003 |
Tenet Healthcare Corp., the biggest hospital operator in California, said the state's top insurer would stop covering care at a company medical facility in Modesto amid allegations it performed unnecessary heart procedures. WellPoint Health Networks Inc.'s Blue Cross of California, which has about 6.8 million members, will end its contract with Doctors Medical Center of Modesto on Nov.
March 10, 2004 |
Federal regulators said the pending health insurance merger of WellPoint Health Networks Inc. and Anthem Inc. would not hurt competition or consumers. In its first public comments on its antitrust review, the Justice Department said the merger creating the nation's largest managed care provider would not give the company greater power to increase prices or reduce service quality.
May 9, 1996 |
WellPoint Shareholders OK Blue Cross Merger: The health-care giant, which is WellPoint Health Networks Inc.'s largest shareholder with 80 million shares, plans to contribute $3 billion in assets to charitable foundations as it converts from nonprofit status to a for-profit company. WellPoint shareholders of record on May 15 will receive a $10-a-share cash dividend and 0.667 share of stock in the combined company for each WellPoint share.