WellPoint Names Swedish Chief Executive Officer

  WellPoint Names Swedish Chief Executive Officer

       Experienced Health Care Executive Selected to Lead Organization

Business Wire

INDIANAPOLIS -- February 12, 2013

WellPoint, Inc. (NYSE: WLP) today announced that its board of directors has
elected Joseph Swedish as the company's new chief executive officer, effective
March 25, 2013. Swedish, 61, who most recently served as President and Chief
Executive Officer for Trinity Health Corporation, succeeds interim chief
executive officer John Cannon. Cannon will remain with WellPoint, and in
addition to his role as Executive Vice President of Legal & Public Affairs he
will help guide the transition, providing continuity and operational
leadership.

Joseph Swedish has been named Chief Executive Officer for WellPoint, Inc.,
effective March 25, 2013 ...

Joseph Swedish has been named Chief Executive Officer for WellPoint, Inc.,
effective March 25, 2013 (Photo: Business Wire)

“Joe embodies the leadership and visionary qualities we value in our chief
executive, and the board is confident that under his leadership we will
achieve our full potential for future growth and success,” said Jackie M.
Ward, chair of the WellPoint Board of Directors. “He brings to WellPoint an
extensive track record leading large, complex health care organizations
through diverse challenges in difficult market and regulatory environments,
and his experience will be invaluable to WellPoint as we continue to find
innovative ways to collaborate with providers in an effort to improve quality
outcomes and reduce the cost of care. Joe’s background, in concert with our
management’s insurance market expertise, creates a team uniquely qualified to
manage all facets of our evolving health care system.

“In 24 years as a CEO, he has had tremendous success growing and advancing
health care systems by improving core operations, initiating financial
restructurings, and expertly integrating strategic mergers and acquisitions,”
Ward said. “He is an agile leader at a time when major transformations are
requiring health benefit companies to examine new ways to better serve our
stakeholders.”

Ward concluded, “I’d like to thank John Cannon for his extraordinary
contributions to WellPoint throughout his tenure as interim CEO. John took
important steps over the past five and a half months to improve WellPoint’s
execution, increase shareholder value, refine the company’s strategy and
reorganize our core operations to better support our strategic growth
opportunities. This has created a strong, positive momentum in our operations
that Joe will build on in the months and years to come.”

“I am honored to be chosen to lead WellPoint,” said Swedish. “Having spent my
entire career in health care, I have a strong sense of the market in which the
company operates and I am energized by the dynamic changes currently taking
place in the industry. I’m committed to ensuring that WellPoint remains a
market leader, and I look forward to working with my new colleagues to
profitably grow and enhance this organization in a changing market
environment.”

Swedish has 40 years’ experience in health care, holding senior executive
positions at multi-institutional health care systems, university- and
community-based academic medical centers, integrated delivery systems and
regional rural referral hospitals. He most recently served as President and
Chief Executive Officer of Trinity Health Corporation, a multi-state
integrated health care delivery system which operates 47 hospitals in 10
states, since December 2004.

While at Trinity, he accelerated financial and operational performance,
growing revenue from less than $6 billion in 2005 to approximately $9 billion
in 2012 and doubling operating margins. He vastly streamlined Trinity’s health
care delivery by improving clinical and business processes and integrating IT
platforms hard wired in evidence-based best practices. He also spearheaded the
“Lead the Way and Find a Way” health care reform campaign that advocated for
systematic health care delivery changes based on principles of advancing
health care reform. In this role, he has worked closely with multiple
bipartisan congressional delegations to actively influence health reform
discussions. In 2011, he engineered a successful acquisition of Loyola
University Health System – Chicago, and recently signed the definitive
agreement for a merger with Catholic Health East, which will make the new
organization the fifth-largest U.S.-based health system, serving 21 states
with $13 billion in revenues.

Prior to joining Trinity Health, Swedish was President and CEO of Centura
Health, the largest health care provider in Colorado. He has also served as
President of the East Florida and Central Florida Divisions for the Hospital
Corporation of America from 1994 through 1998. He earned his bachelor’s degree
from the University of North Carolina at Charlotte and his master’s degree in
health administration from Duke University.

Swedish has served on the boards of three publicly-traded corporations:
Coventry Health Care, Inc. from 2010 to 2013; Cross Country Health care, Inc.
from 2002 to 2005; and RehabCare Group, Inc., from 2003 to 2005. He is
Chairman-elect of the 2013 Health Care Systems Governing Council of the
American Hospital Association as well as past chairman of the Medicare Wage
Index Task Force and a member of the Equity of Care Council. In addition, he
is Chairman of the Catholic Health Association and Director of Loyola
University Chicago, the National Quality Forum and the Health Care Education
Trust.

AboutWellPoint, Inc.

At WellPoint, we believe there is an important connection between our members’
health and well-being—and the value we bring our customers and shareholders.
So each day we work to improve the health of our members and their
communities. And, we can make a real difference since we have more than 36
million people in our affiliated health plans, and nearly 67 million people
served through our subsidiaries. As an independent licensee of the Blue Cross
and Blue Shield Association, WellPoint serves members as the Blue Cross
licensee for California; the Blue Cross and Blue Shield licensee for Colorado,
Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30
counties in the Kansas City area), Nevada, New Hampshire, New York (as the
Blue Cross Blue Shield licensee in 10 New York City metropolitan and
surrounding counties and as the Blue Cross or Blue Cross Blue Shield licensee
in selected upstate counties only), Ohio, Virginia (excluding the Northern
Virginia suburbs of Washington, D.C.), and Wisconsin. In a majority of these
service areas, WellPoint’s plans do business as Anthem Blue Cross, Anthem Blue
Cross and Blue Shield, Blue Cross and Blue Shield of Georgia and Empire Blue
Cross Blue Shield, or Empire Blue Cross (in the New York service areas).
WellPoint also serves customers throughout the country as UniCare and in
certain markets through our Amerigroup and CareMore subsidiaries. Our 1-800
CONTACTS, Inc. subsidiary offers customers online sales of contact lenses,
eyeglasses and other ocular products. Additional information about WellPoint
is available at www.wellpoint.com.

 SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
                                     1995

WellPoint and its representatives may from time to time make written and oral
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 (PSLRA), including statements in this press
release, in presentations, filings with the Securities and Exchange
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statements, which generally are not historical in nature. These statements
include, but are not limited to, financial projections and estimates and their
underlying assumptions; statements regarding plans, objectives and
expectations with respect to future operations, products and services; and
statements regarding future performance. Such statements are subject to
certain risks and uncertainties, many of which are difficult to predict and
generally beyond our control, that could cause actual results to differ
materially from those expressed in, or implied or projected by, the
forward-looking information and statements. These risks and uncertainties
include: those discussed and identified in the public filings that we and
AMERIGROUP Corporation have made with the SEC; increased government
participation in, or regulation or taxation of, health benefits and managed
care operations, including, but not limited to, the impact of the Patient
Protection and Affordable Care Act and the Health Care and Education
Reconciliation Act of 2010; trends in health care costs and utilization rates;
our ability to secure sufficient premium rates including regulatory approval
for and implementation of such rates; our ability to contract with providers
consistent with past practice; our ability to integrate and achieve expected
synergies and operating efficiencies in the AMERIGROUP Corporation and 1-800
CONTACTS, Inc. acquisitions within the expected timeframes or at all and to
successfully integrate our operations, as such integrations may be more
difficult, time consuming or costly than expected, revenues following the
transactions may be lower than expected and operating costs, customer loss and
business disruption, including, without limitation, difficulties in
maintaining relationships with employees, customers, clients and suppliers,
may be greater than expected following the transactions; competitor pricing
below market trends of increasing costs; reduced enrollment, as well as a
negative change in our health care product mix; risks and uncertainties
regarding Medicare and Medicaid programs, including those related to
non-compliance with the complex regulations imposed thereon and funding risks
with respect to revenue received from participation therein; a downgrade in
our financial strength ratings; litigation and investigations targeted at our
industry and our ability to resolve litigation and investigations within
estimates; medical malpractice or professional liability claims or other risks
related to health care services provided by our subsidiaries; risks inherent
in selling health care products in the consumer retail market; our ability to
repurchase shares of our common stock and pay dividends on our common stock
due to the adequacy of our cash flow and earnings and other considerations;
non-compliance by any party with the Express Scripts, Inc. pharmacy benefit
management services agreement, which could result in financial penalties, our
inability to meet customer demands, and sanctions imposed by governmental
entities, including the Centers for Medicare and Medicaid Services; events
that result in negative publicity for us or the health benefits industry;
failure to effectively maintain and modernize our information systems and
e-business organization and to maintain good relationships with third party
vendors for information system resources; events that may negatively affect
our licenses with the Blue Cross and Blue Shield Association; possible
impairment of the value of our intangible assets if future results do not
adequately support goodwill and other intangible assets; intense competition
to attract and retain employees; unauthorized disclosure of member sensitive
or confidential information; changes in the economic and market conditions, as
well as regulations that may negatively affect our investment portfolios and
liquidity; possible restrictions in the payment of dividends by our
subsidiaries and increases in required minimum levels of capital and the
potential negative effect from our substantial amount of outstanding
indebtedness; general risks associated with mergers and acquisitions; various
laws and provisions in our governing documents that may prevent or discourage
takeovers and business combinations; future public health epidemics and
catastrophes; and general economic downturns. Readers are cautioned not to
place undue reliance on these forward-looking statements that speak only as of
the date hereof. Except to the extent otherwise required by federal securities
law, we do not undertake any obligation to republish revised forward-looking
statements to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. Readers are also urged to
carefully review and consider the various disclosures in our SEC reports.

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Contact:

WellPoint, Inc.
Investor Relations
Doug Simpson, 212-476-1473
or
Media
Kristin Binns, 917-697-7802
 
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