NU Online News Service, July 22, 1:18 p.m. – The Virginia State Corporate Commission says Anthem Inc., Indianapolis, can go ahead with its proposed acquisition of Trigon Insurance Company, Richmond, Va.
The final order means that Anthem, one of the biggest publicly traded managed-care companies in the United States, can complete its acquisition of Trigon’s parent company, Trigon Healthcare Inc.
Trigon Healthcare holds the Blue Cross and Blue Shield licenses for most of Virginia, and it is the biggest managed-care company in Virginia.
Although Virginia officials are letting Anthem acquire Trigon, they will require it to operate Trigon much as if Trigon were still a stand-alone company.