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WellPoint To Acquire Resolution Health
Acquisition of Leading Personal Health Care Guidance Company Advances WellPoint's Initiatives in Quality and Cost Management
INDIANAPOLIS, and COLUMBIA, Md., April 17 /PRNewswire-FirstCall/ -- WellPoint, Inc. (NYSE:WLP) , the nation's leading health benefits provider, today announced that it has acquired Resolution Health, Inc., a leading data analytics-driven personal health care guidance company.
The acquisition will allow each company to expand its efforts to improve health care quality and reduce health care costs for its customers. Resolution Health will continue to enhance and expand the services it provides to WellPoint as well as to its growing number of other customers nationwide.
Demand for personalized, actionable health care guidance continues to grow as consumers become more involved in managing their own care. As an industry leader in proactive health care management, WellPoint has found that evidence-based health interventions can help improve treatment by identifying potential drug interactions, gaps in care, and other issues.
"Resolution Health has been a valued partner in analyzing WellPoint members' health data and providing suggestions to improve care and outcomes for more than two years," said Dijuana Lewis, president and CEO of WellPoint's Comprehensive Health Solutions Unit. "This acquisition will allow us to fully integrate Resolution Health's suite of products to extend the range and quality of services for our members, as well as members across the health plan system."
Earl Steinberg, MD, MPP, president and CEO of Resolution Health said, "Resolution Health is built on the belief that the quality and cost effectiveness of health care can be dramatically improved through clinically sound, individual member-focused communications programs. Becoming a part of WellPoint -- a company that shares these values -- furthers our goal of helping every individual receive the best, most cost-effective health care possible."
Using its market-leading technology, Resolution Health analyzes the medical and pharmacy claims data, lab results, health benefit plan information and personal health information of individual plan members. WellPoint will work with Resolution Health to identify opportunities to help close gaps between recommended care -- based upon nationally accepted, evidence-based clinical guidelines -- and the care that members actually receive, and reduce medical costs for individuals, their employers and their health plans.
Terms of the agreement were not disclosed. The transaction will not have an impact on WellPoint's current earnings per share guidance for 2008.
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