What kind of a company is Wellpoint, and what is the deal being made with Express Scripts?
Here is the scoop on Wellpoint: WellPoint, Inc. is a large, U.S. based health insurance company and the largest member of the BlueCross BlueShield Association. It was formed when WellPoint Health Networks, Inc. merged into Anthem, Inc., with the surviving Anthem adopting the name, WellPoint, Inc. and began trading its common stock under the WLP symbol on December 1, 2004. http://en.wikipedia.org/wiki/WellPoint WellPoint, Inc has been in the news recently: Pharmacy benefits manager Express Scripts Inc.’s (ESRX) $4.675 billion acquisition of health insurer WellPoint Inc.’s (WLP) in-house drug-benefits operation appears to benefit both companies, as indicated by the reaction in both stocks Monday. Despite that, though, potential sellers and industry observers don’t see the deal sparking a consolidation movement in the fragmented PBM industry. For Express Scripts, the nation’s third-largest pharmacy benefits manager, the d
