WellPoint Health Networks Completes Acquisition
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WellPoint Health Networks Inc., a Woodland Hills managed-care company that is the parent of Blue Cross of California, said it has completed the acquisition of the group benefit operations and CCI subsidiaries of John Hancock Mutual Life Insurance Co. for about $86.7 million.
These units have about 1.3 million members, bringing WellPoint’s total membership to 5.8 million.
The acquired businesses will be merged into WellPoint’s subsidiary Unicare.
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