8-KOther Events

Elevance Health, Inc. 8-K Report (Feb 20, 2002)

Filed February 20, 2002For Securities:ELV

Summary

Elevance Health, Inc. (ELV), formerly Anthem, Inc., filed an 8-K on February 20, 2002, to report its involvement in an appeal concerning the Kansas Insurance Commissioner's decision. The company, along with Blue Cross and Blue Shield of Kansas (BCBSKS), is joining BCBSKS in its appeal against the denial of an affiliation between the two entities. This filing primarily serves to inform investors about the ongoing regulatory and strategic processes affecting potential affiliations. The appeal signifies Anthem's continued interest in expanding its operations and market presence, while also highlighting the potential challenges and uncertainties associated with regulatory approvals in the healthcare sector. Investors should monitor the outcome of this appeal as it could impact the company's future growth and strategic direction.

Key Highlights

  • 1Anthem, Inc. (now Elevance Health) is participating in an appeal regarding a regulatory decision in Kansas.
  • 2The appeal concerns the denial of an affiliation between Anthem and Blue Cross and Blue Shield of Kansas (BCBSKS).
  • 3Anthem is jointly issuing a press release with BCBSKS to announce their participation in the appeal.
  • 4The event date reported is February 19, 2002, with the filing date of February 20, 2002.
  • 5This 8-K filing is related to Item 5 (Other Events) and Item 7 (Exhibits), with Exhibit 99 being the press release.
  • 6The company's principal executive offices are located in Indianapolis, Indiana.
  • 7David R. Frick, Executive Vice President and Chief Legal and Administrative Officer, signed the report on behalf of Anthem, Inc.

Frequently Asked Questions

This 8-K filing is primarily to report that Anthem, Inc. (now Elevance Health), is joining Blue Cross and Blue Shield of Kansas (BCBSKS) in an appeal against the Kansas Insurance Commissioner's decision to deny their proposed affiliation.

The outcome of this appeal could significantly impact Elevance Health's expansion plans and market presence in Kansas. A successful appeal could lead to the affiliation with BCBSKS, potentially enhancing the company's market share and service offerings. Conversely, a failed appeal could hinder these growth opportunities.

The earliest event reported, the issuance of the press release regarding the appeal, occurred on February 19, 2002. The 8-K report was filed with the SEC on February 20, 2002.

The affiliation between Anthem and BCBSKS was initially denied by the Kansas Insurance Commissioner. Anthem and BCBSKS are now appealing this decision, indicating that the affiliation is not yet approved and is subject to further regulatory review and legal proceedings.