WellPoint, Inc.
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WellPoint, Inc. - overview
Established
1992
Location
Woburn, MA, US
Primary Industry
Healthcare
About
Founded in 1992, WellPoint, Inc. operates primarily in Indianapolis, US, specializing in health insurance. The company has remained focused on its mission without significant pivots in strategy and does not operate under a parent company or have subsidiaries. Its founder has a background in the healthcare sector, having previously started other ventures in health services.
In July 2022, WellNow Urgent Care acquired Physicians Immediate Care LLC from LLR Partners and WellPoint, Inc. WellPoint offers a comprehensive range of health insurance products, primarily focusing on Medicare, Medicaid, and individual and family health plans. The company's core offerings include Medicare Advantage Plans, Medicare Supplement Plans, and ACA Marketplace plans, which are designed to cater to the varying health coverage needs of their diverse clientele. WellPoint aims to improve health outcomes and access to care through these plans, targeting groups such as adults, children, pregnant women, and individuals with disabilities.
The end users of WellPoint's services include millions of members who benefit from tailored health solutions that promote preventive care and overall well-being. These products are available in various geographical markets across the United States, ensuring a broad reach to serve the healthcare needs of communities nationwide.
Primary Industry
Healthcare
Sub Industries
Health Insurance, Healthcare, Medical Devices & Equipment
Website
www.wellpoint.com
Verticals
HealthTech, InsureTech
Total Amount Raised
Subscriber access only
WellPoint, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Physicians Immediate Care LLC | - | ||||||||
| Buyout | Completed | 1-800 Contacts, Inc. | - | ||||||||
| Growth | Completed | Physicians Immediate Care LLC | - | ||||||||
| Trade Sale | Completed | 1-800 Contacts, Inc. | - | ||||||||
| Trade Sale | Completed | Caremore Health System | - |
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