8-KOther Events

Elevance Health, Inc. 8-K Report (Aug 2, 2002)

Filed August 2, 2002For Securities:ELV

Summary

Elevance Health, Inc. (formerly Anthem, Inc.) announced the successful completion of its merger with Trigon Healthcare, Inc. on July 31, 2002. This strategic acquisition involved Trigon merging with Anthem's wholly-owned subsidiary, AI Sub Acquisition Corp. The transaction is expected to significantly expand Elevance Health's market presence and service offerings. Key financial information for Trigon Healthcare, Inc. for the years ending December 31, 2001, 2000, and 1999, as well as the unaudited financial data for the three months ending March 31, 2002 and 2001, have been filed as part of this report. This includes detailed financial statements and pro forma combined financial information reflecting the merger's impact. Investors can refer to these filings for a comprehensive understanding of the financial implications of this significant business combination.

Key Highlights

  • 1Completion of the merger between Elevance Health (Anthem, Inc.) and Trigon Healthcare, Inc. effective July 31, 2002.
  • 2Trigon Healthcare, Inc. merged with and into AI Sub Acquisition Corp., a subsidiary of Anthem, Inc.
  • 3The filing includes detailed historical financial statements for Trigon Healthcare, Inc. for the years 2001, 2000, and 1999, as well as unaudited statements for the first quarter of 2002 and 2001.
  • 4Pro forma combined financial information is provided to illustrate the expected financial position and results of operations post-merger.
  • 5Three former Trigon board members were elected to Anthem's board of directors.
  • 6The acquired company, Trigon Healthcare, Inc., was renamed Anthem Southeast, Inc.

Frequently Asked Questions

This 8-K filing announces the completion of the merger between Elevance Health (Anthem, Inc.) and Trigon Healthcare, Inc. It also includes the financial statements of the acquired entity (Trigon) and pro forma financial information reflecting the combined company post-merger.

The filing provides historical financial data for Trigon and pro forma combined financial statements. These documents allow investors to assess the expected financial impact, including the combined balance sheet and income statement, as well as the expected goodwill and intangible assets resulting from the purchase accounting.

Three former members of Trigon's board of directors, Lenox D. Baker, Jr., M.D., John Sherman, Jr., and Jackie M. Ward, were elected to Anthem's board of directors, effective August 1, 2002. Thomas G. Snead, Jr. was appointed President of the merged entity, Anthem Southeast, Inc.

The filing includes the audited consolidated financial statements for Trigon Healthcare, Inc. for the years ended December 31, 2001, 2000, and 1999, along with unaudited financial statements for the three months ended March 31, 2002 and 2001. These are available within the 'ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS' section of the 8-K filing.