WellPoint Inc., the second-biggest U.S. health insurer, will reorganize into four business units in the first major move undertaken by interim Chief Executive Officer John Cannon.
In a memo sent to employees today, Cannon said the changes will help smooth the integration of Amerigroup Corp., the insurer Indianapolis-based WellPoint agreed to buy in July for $4.9 billion. The reorganization will put Amerigroup CEO James Carlson in charge of the combined company’s Medicaid business, while Chief Financial Officer Wayne DeVeydt remains in his job, according to the memo obtained by Bloomberg.
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