The Wall Street Journal reported this afternoon that Oxford has agreed to be acquired by United. This comes just a few days after the announcement that Wellchoice (the parent of Empire Blue Cross/Blue Shield) had terminated discussions about acquiring Oxford.
Total acquisition cost estimated to be $4.9 billion, including $1.4 billion in cash.
Having opened the bidding but not closed the deal itself, Wellchoice has put more pressure on itself in the Greater New York market ... not that they had any choice.
Assuming this deal goes through the question now is who does Wellchoice go after next and who goes after them.