WellPoint Ups Bid for Cerulean.WellPoint Health Networks Inc., one of California's largest managed care companies, has raised its offer for Cerulean ce·ru·le·an adj. Azure; sky-blue. [From Latin caeruleus, dark blue; akin to caelum, sky.] Noun 1. Cos., Georgia's largest health insurer, to $680 million to top a rival all-cash bid from Trigon Healthcare Inc. Trigon, a managed heath heath, tract of open land heath, tract of open land characterized by a few scattered trees, abundant moss cover, and numerous low shrubs, principally of the heath family (see heath, in botany). care company, offered $675 million, WellPoint said in a statement. Cerulean notified Thousand Oaks-based WellPoint on Nov. 24 that it planned to accept Trigon's offer and cancel a planned sale to WellPoint, the statement said. WellPoint, the parent of Blue Cross of California, agreed to buy Cerulean, the Atlanta-based parent of Blue Cross & Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of Georgia, in July 1998 for $500 million in cash and stock. Cerulean's shareholders approved the sale on Oct. 10 after it was delayed by litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . Acquiring Cerulean would give WellPoint 1.6 million more customers and allow it to expand beyond California, where it has its strongest presence. |
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