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WellPoint profits better than expected
Modern Healthcare

WellPoint said that its fourth-quarter net income fell as the prior-year period included a large gain related to a sale, but the company’s adjusted results beat Wall Street expectations. The largest publicly traded health insurer based on enrollment earned $548.8 million, or $1.40 per share, for the three months ended Dec. 31. That’s down from $2.74 billion, or $5.95 per share, a year earlier.

WellPoint’s performance in the final quarter of 2009 was fueled in part by the sale of its NextRx subsidiary to Express Scripts, which gave the company a $3.79 billion gain for that period.

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