NU Online News Service, Oct. 27, 2003, 5:17 p.m. EST – WellPoint Health Networks Inc., Thousand Oaks, Calif., says acquisitions and strong sales in California and Georgia helped it increase third quarter net income 17%.
The managed care company, which has agreed to an acquisition proposal from Anthem Inc., Indianapolis, is reporting $246 million in net income for the latest quarter on $5 billion in revenue, up from $211 million in net income on $4.5 billion in revenue for the third quarter of 2002.