M&A Deal Summary

WellPoint Health Networks Acquires Cobalt

On June 4, 2003, WellPoint Health Networks acquired insurance company Cobalt for 906M USD

Acquisition Highlights
  • This is WellPoint Health Networks’ 2nd transaction in the Insurance sector.
  • This is WellPoint Health Networks’ largest (disclosed) transaction.
  • This is WellPoint Health Networks’ 2nd transaction in the United States.
  • This is WellPoint Health Networks’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2003-06-04
Target Cobalt
Sector Insurance
Buyer(s) WellPoint Health Networks
Deal Type Add-on Acquisition
Deal Value 906M USD

Target

Cobalt

Milwaukee, Wisconsin, United States
Cobalt Corporation is the holding company of Blue Cross and Blue Shield United of Wisconsin.

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Buyer(S) 1

Buyer

WellPoint Health Networks

Thousand Oaks, California, United States
Category Company
Founded 1992
Sector Insurance
Employees19,100
DESCRIPTION

WellPoint Health Networks, Inc. is a provider of health insurance services.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2003) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-30 Cerulean Cos.

Georgia, United States

Cerulean Cos. is the parent of Blue Cross & Blue Shield of Georgia.

Buy $700M
Mergr

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