WellPoint to expand, purchases WellChoice.Health insurance giant WellPoint Inc. said it plans to acquire WeilChoice Inc., New York's largest health insurer, in a cash-and-stock purchase valued at $6.5 billion, with the merged company to have more than 33 million medical members as a Blue Cross or Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. in 14 states. WellChoice is the parent company of Empire Blue Cross Blue Shield, the largest health insurer in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Under the agreement, WellChoice would operate as a wholly owned unit of WellPoint. In 2004, Anthem anthem [ultimately from antiphon], short nonliturgical choral composition used in Protestant services, usually accompanied and having an English text. The term is used in a broader sense for "national anthems" and for the Latin motets still used occasionally in Inc. acquired WellPoint Health Networks Inc. for $16.5 billion, becoming WellPoint Inc., the No. 1 U.S. health insurer based on membership, This column is compiled monthly from BestWire reports. |
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