Business Services Industry
Blue Cross Affiliates Announce Healthy Deal.
Knight Ridder/Tribune Business News, October, 2003
By Kim Dixon Reuters, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Oct. 28--CHICAGO--Anthem Inc. on Monday said it would acquire WellPoint Health Networks Inc. for about $14.3 billion, creating a mammoth health insurer that could wield vast negotiating leverage with hospitals, drugmakers and employers.
The stock and cash deal came the same day as the current No. 1 health plan, UnitedHealth Group Inc., announced a bid to acquire Mid Atlantic Medical Services Inc. for roughly $3 billion. WellPoint last month closed a deal to buy smaller rival Cobalt.
HMOs have posted record profits in recent quarters. But because companies cut jobs during the slumping economy, experts say the pool of insured customers has diminished,...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
