


A.M. Best Withdraws Ratings of Priority Health Care, Inc. and Peninsula Health Care, Inc. Due to Merger
OLDWICK, N.J.--([ BUSINESS WIRE ])--A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of aa+a and assigned an NR-5 (Not Formally Followed) to the FSR and an anra to the ICRs of Priority Health Care, Inc. and its affiliate, Peninsula Health Care, Inc. (both domiciled in Richmond, VA). The companies are former subsidiaries of WellPoint, Inc. (NYSE: WLP).
On September 27, 2010, the Commonwealth of Virginia Bureau of Insurance approved the merger of Priority Health Care, Inc. and Peninsula Health Care, Inc. with and into their affiliate, Health Keepers, Inc., effective October 1, 2010.
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