WellPoint Won't Appeal Maryland Rejection

By Ronald D. White

April 5, 2003 12 AM PT

WellPoint Health Network Inc., based in Thousand Oaks, said it would not appeal the Maryland insurance commissioner’s rejection of its $1.37-billion offer to buy CareFirst Inc., a large Blue Cross plan on the East Coast.

WellPoint and CareFirst had a month to decide whether to appeal Insurance Commissioner Steven Larsen’s decision. Larsen said the purchase price was too low.

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Ronald D. White

Ronald D. White was a reporter for the Los Angeles Times from 1993 to 2024. His work on the Business desk included leadership profiles, innovations in manufacturing, retail and business trends. White did stints as a reporter for the Norfolk Virginian-Pilot and as a reporter and then as a staff writer, assistant editor and editorial writer for the Washington Post before joining The Times.

WellPoint Won’t Appeal Maryland Rejection

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