Anthem Inc. is going to court to revive its efforts to acquire a California-based insurance company owned by WellPoint Health Networks Inc.[@@]
Anthem, Indianapolis, has filed a suit in a California state court that seeks to overturn California Insurance Commissioner John Garamendi’s denial of Anthem’s application for permission to acquire the WellPoint unit, BC Life and Health Insurance.
Acquiring the unit would help Anthem complete a proposed merger with WellPoint, Thousand Oaks, Calif.
Filing the suit is a last resort, according to David Frick, Anthem’s chief legal officer.
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Garamendi “has gone beyond the scope of authority granted to him under California law in denying our merger, and in doing so has hurt the very people he states he is trying to help,” Frick says.