M&A Deal Summary

Elevance Health Acquires WellPoint Health Networks

On December 1, 2004, Elevance Health acquired insurance company WellPoint Health Networks for 20.9B USD

Acquisition Highlights
  • This is Elevance Health’s 1st transaction in the Insurance sector.
  • This is Elevance Health’s largest (disclosed) transaction.
  • This is Elevance Health’s 4th transaction in the United States.
  • This is Elevance Health’s 2nd transaction in California.

M&A Deal Summary
Date 2004-12-01
Target WellPoint Health Networks
Sector Insurance
Buyer(s) Elevance Health
Deal Type Merger
Deal Value 20.9B USD

Target

WellPoint Health Networks

Thousand Oaks, California, United States
WellPoint Health Networks, Inc. is a provider of health insurance services.

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Buyer(S) 1

Buyer

Elevance Health

Indianapolis, Indiana, United States

website

Category Company
Founded 1944
Sector Insurance
Employees98,200
Revenue 156.6B USD (2022)
DESCRIPTION
Entrance to Elevance Health's corporate headquarters in Indianapolis, Indiana.
Entrance to Elevance Health's corporate headquarters in Indianapolis, Indiana.

Elevance Health is a health benefits company serving customers throughout the United States. Through its networks nationwide, the company delivers a number of leading health benefit solutions through a broad portfolio of integrated health care plans and related services, along with a wide range of specialty products such as life and disability insurance benefits, dental, vision, behavioral health benefit services, as well as long term care insurance and flexible spending accounts. Elevance Health was established in 1944 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 4 of 25
Sector (Insurance) 1 of 6
Type (Merger) 2 of 2
State (California) 2 of 3
Country (United States) 4 of 23
Year (2004) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-10 HealthCore

Wilmington, Delaware, United States

HealthCore, based in Wilmington, Del., is the clinical outcomes research subsidiary of  WellPoint, Inc.HealthCore has a team of highly experienced researchers including  physicians, biostatisticians, pharmacists, epidemiologists,health economists and other scientist who study the “real world” safety and  effectiveness of drugs,  medical devices and care management interventions. HealthCore offers insight on how to best use this  data and communicates these findings to health care decision‐makers  to support evidence‐based medicine, product development decisions, safety monitoring, coverage decisions, process improvement and overall cost‐effective health care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-09 Lumenos

Alexandria, Virginia, United States

Lumenos, Inc. is a provider of consumer-driven heath care solutions. The Company’s integrated product offering combines a personal Health Savings Account ("HSA"), low-cost high-deductible health insurance and individual access to healthcare products and services at discounts otherwise available only to large payers.

Buy $185M
Mergr

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