1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Wisconsin >
  6. WellPoint Health Networks Acquires Cobalt

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.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2003 M&A 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

Solution for

Product

Company

Legal