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Article: Blue Cross keeps its appeal despite exec suite chaos. (Blue Cross and Blue Shield of Ohio)
- Article from:
- Crain's Cleveland Business
- Article date:
- March 17, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Top management at Blue Cross & Blue Shield of Ohio may be a Machiavellian cast of characters slugging it out for power, but Ohio's oldest insurer remains an attractive acquisition prospect for Columbia/HCA Healthcare Corp. or anyone else.
"Blue Cross still makes a whale of a transaction. With a strong hand and its ship corrected, it could be of tremendous value going forward raider the right leadership, said Steve Volla, chairman of Primary Health System of Wayne, Pa.
"There's a lot of opportunity to bring in a leadership and vision to recapture the momentum and run the legs off the company," said Mr. Volla, whose for-profit hospital company owns the ...