WellPoint Inc: Key Developments
WellPoint, Inc. Reaffirms FY 2009 EPS Guidance; Raises FY 2009 Revenue Guidance
October 28, 2009 |
| WellPoint, Inc. revised its fiscal 2009 guidance and expects net income to be in the range of $5.06-$5.12 per share (EPS), including net investment losses of $0.52 per share. This projection includes no investment gains or losses beyond those recorded during the six months ended June 30, 2009 and expects operating revenue of approximately $60.9 billion. According to Reuters Estimates, analysts are expecting the Company to report revenue of $60.6 billion for the same period. |
WellPoint, Inc.'s American Imaging Management Selected To Deliver Diagnostic Imaging Management Services For ODS Health Plan
September 14, 2009 |
| American Imaging Management (AIM), an operating subsidiary of WellPoint, Inc., announced that it has been selected by ODS Health Plan, Inc. to provide diagnostic imaging services. Under the agreement, AIM will administer diagnostic imaging management services to ODS members in Oregon and surrounding service areas. |
WellPoint, Inc. Says Sanctions Lifted On Medicare Plans-Reuters
September 9, 2009 |
| Reuters reported that U.S. regulators have lifted sanctions barring WellPoint, Inc. from marketing its Medicare plans to seniors, the health insurer said. WellPoint, Inc. had been ordered in January to stop marketing and enrollment for its Medicare plans because of violations of federal regulations, including denying seniors access to prescription drugs. In a securities filing, WellPoint, Inc. said it received notification from the Centers for Medicare & Medicaid Services that the sanctions had been lifted. WellPoint, Inc. may begin marketing its Medicare plans for the 2010 contract year on October 1, when all health insurers are allowed to start marketing. |
WellPoint, Inc. Collaborates with RedBrick Health to Create Integrated, Behavior-Based Wellness and Incentives Programs
August 19, 2009 |
| WellPoint, Inc. and RedBrick Health, the Health Earnings company, announced the two parties have entered into a strategic collaboration to create a new, behavior-based wellness and incentive program for WellPoint's affiliated health plans' large employers and health plan customers. |
WellPoint, Inc. Issues FY 2009 Guidance; EPS Guidance Below Analysts' Estimates
July 29, 2009 |
| WellPoint, Inc. announced that for fiscal 2009, it expects net income to be in the range of $5.06-$5.12 per share (EPS), including net investment losses of $0.54 per share. This projection includes no investment gains or losses beyond those recorded during the six months ended June 30, 2009. Expects operating revenue of approximately $60.6 billion. According to Reuters Estimates, analysts are expecting the Company to report GAAP EPS of $5.37 on revenues of $61.3 billion for the same period. |
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