Highmark Merger Timeline

On Friday, April 27, 2007, the Insurance Department received two transactional filings, known as Form A filings, for the acquisition of Highmark, Inc. and Independence Blue Cross Pennsylvania domestic insurance company subsidiaries by NEWCO, a yet to be named company, to be formed upon the consolidation of Highmark, Inc. and Independence Blue Cross.

On January 22, 2009, the Insurance Department hosted a news conference discussing the withdrawal of this filing. You may download an electronic press kit, or you may view the cumulative document log associated with this filing.

January 22, 2009 - Department's Press Release welcoming the withdrawal of proposed Highmark/IBC consolidation
January 21, 2009 - Department's Media Advisory announcing press conference to discuss Blues Plans' withdrawal of consolidation proposal
October 11, 2008 - Pennsylvania Bulletin notice amending the close of the public comment period, effective October 14, 2008
September 20, 2008 - Pennsylvania Bulletin notice announcing the close of the public comment period, effective October 10, 2008
August 30, 2008 - Pennsylvania Bulletin notice announcing the conclusion of the public comment period for September 30, 2008
August 25, 2008 - Department's letter of intent to close the public comment period, effective September 30, 2008
June 26, 2008 - Department Press Release announcing Independence Blue Cross and Highmark's proposed consolidation will be web cast
May 12, 2008 - Department Press Release announcing the dates and locations for the public informational hearings
May 10, 2008 - Pennsylvania Bulletin notice announcing the dates and locations for the public informational hearings
December 21, 2007 - Department Press Release announcing public hearings likely; financial advisors chosen
July 7, 2007 - Pennsylvania Bulletin notice extending the public comment period
May 31, 2007 - Governor Rendell Press Release renewing the call for intensive review of the proposed Highmark/IBC merger
May 12, 2007 - Pennsylvania Bulletin notice on Applications for Approval to Acquire Control
April 27, 2007 - Department Press Release announcing receipt of the Form A Filing
March 28, 2007 - Department Press Release commenting on the proposed merger announcement