WellPoint net rises in first results since Braly’s exit
WellPoint Inc., the second-biggest US health insurer, said profit rose 1.2%, in its first earnings report since former chief executive officer Angela Braly left amid complaints about the company's performance. Braly resigned Aug. 28 amid investor unrest about disappointing profits and a stock that lagged behind competitors like UnitedHealth Group Inc., the biggest health plan. The company nonetheless benefited in the quarter from acquisitions she orchestrated, gaining revenue from its new eye wear retailer 1-800-Contacts and new members from CareMore Health Group, an insurer for elderly Medicare patients.
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