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Elevance Health company history timeline

1946

In 1946, Anthem began in Indianapolis, Indiana, as Mutual Hospital Insurance Inc. and Mutual Medical Insurance Inc.

1972

In 1972, The two firms, then known as Blue Cross of Indiana and Blue Shield of Indiana, entered into a joint operating agreement.

1989

In 1989, The Associated Group founded Acordia, a brokerage that sold and serviced insurance and employee benefit programs.

1992

In 1992, WellPoint was formed to operate Blue Cross of California's managed care business.

1993

In 1993, Blue Cross of California spun off its managed care business into a separate publicly traded entity, WellPoint Health Networks Inc.

In 1993, Acordia acquired American Business Insurance for $130 million and the Federal Kemper Insurance Company for $100 million.

1994

In 1994, it sold Raffensperger, Hughes & Co., Inc., Indiana's largest investment bank, to National City Corp.

1995

In 1995, The Associated Group acquired Community Mutual Insurance, a provider of Blue Cross and Blue Shield insurance plans in Ohio with over 1.9 million policy holders), then set up Anthem Blue Cross and Blue Shield.

1996

In 1996, Blue Cross of California converted all its business to for-profit status, resulting in a restructuring that made WellPoint Health Networks Inc. the parent organization.

In 1996, The Associated Group changed its name to Anthem Insurance Company.

The acquisitions made since 1996 added 850,000 policy holders.

1997

In March 1997, WellPoint acquired the group health and life businesses of John Hancock Financial for $86.7 million.

1999

In 1999, Anthem acquired Blue Cross and Blue Shield of New Hampshire and Blue Cross and Blue Shield of Colorado and Nevada.

2000

In 2000, Anthem acquired Blue Cross Blue Shield of Maine.

2001

In March 2001, WellPoint acquired Rush Prudential Health Plans, a Chicago provider, for $204 million.

In 2001, In October, Anthem underwent demutualization and became a public company via an initial public offering, which made it the 4th largest public managed health care company in the United States.

2002

In 2002, WellPoint acquired RightChoice Managed Care, a Missouri-based company, for $1.5 billion.

2003

In 2003, WellPoint acquired Golden West Dental and Vision of Camarillo, California, and Cobalt, including Blue Cross and Blue Shield United of Wisconsin.

2004

In November 2004, Wellpoint, Inc. was formed by the merger of Anthem Insurance Company and WellPoint Health Networks Inc.

2005

In 2005, WellPoint acquired Alexandria, Va.–based Lumenos, a provider of consumer-driven health care, for $185 million.

2007

In 2007, WellPoint acquired Chicago-based American Imaging Management, a radiology benefit management company that creates software to help physicians choose cost-effective locations for their patients to receive medical imaging tests.

2008

In 2008, WellPoint acquired Resolution Health, a firm that analyzes patient history for potential medical problems such as adverse drug interactions.

2009

In 2009, WellPoint acquired DeCare Dental, a dental insurance firm.

2011

In 2011, WellPoint acquired CareMore, a Cerritos, California-based provider of insurance and care centers for elderly patients.

2012

In August 2012, CEO Angela Braly resigned due to pressure from investors.

In 2012, WellPoint acquired Amerigroup for $4.9 billion, anticipating significant growth due to Medicaid expansion under the Patient Protection and Affordable Care Act.

2014

On August 13, 2014, WellPoint announced it intended to change its name to Anthem, Inc., effective in December.

2015

In February 2015, the company acquired Simply Healthcare Holdings, a Medicaid and Medicare managed care company based in Florida.

2017

In February 2017, a United States district court ruling blocked the Cigna merger on grounds of anti-competitive practices.

In October 2017, Anthem announced that it would not renew its pharmacy benefit management relationship with Express Scripts saying it had been overcharged $3 billion and that instead, Anthem would eventually handle the PBM process itself through its new IngenioRx unit.

In 2017, Anthem Inc. acquired Health Sun, an integrated Medicare Advantage health plan and health care delivery network.

2018

Cigna then announced plans in March 2018 to acquire Express Scripts for $58 billion.

In 2018, the company announced a $20 million expansion of its headquarters and the signing of a lease in Atlanta for its technology center.

2020

In March 2020, Anthem announced the acquisition of Beacon Health Options, and independently held behavioral health organization.

2021

In November 2021, Anthem announced the acquisition of Integra Managed Care in New York.

2022

© 2022 Elevance Health.

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Founded
1944
Company founded
Headquarters
Indianapolis, IN
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Elevance Health competitors

Company nameFounded dateRevenueEmployee sizeJob openings
UnitedHealth Group1977$400.3B300,0009,642
Humana1961$77.2B48,70012,222
Aetna1853$60.6B47,9509
Centene1984$163.1B65,000459
WellCare Health Plans1985$20.4B14,000-
Coventry Health Care1986$14.1B14,4001
HCSC1936$17.0B22,001282
Genworth2004$8.4B3,00015
Morgan Stanley1935$3.0B68,0971,193
Primerica1977$602.0M2,10463

Elevance Health history FAQs

Zippia gives an in-depth look into the details of Elevance Health, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Elevance Health. The employee data is based on information from people who have self-reported their past or current employments at Elevance Health. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Elevance Health. The data presented on this page does not represent the view of Elevance Health and its employees or that of Zippia.

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