CareMore will remain headquartered in Cerritos, Calif., and becomes a wholly owned operating division of WellPoint. "WellPoint's faith in CareMore's model really validates our work," said Alan Hoops, who will remain as chief executive officer of CareMore. "We look forward to deploying programs like Healthy Start and our Neighborhood Care Centers to benefit more seniors as part of this larger organization." The transaction is expected to be neutral to WellPoint's earnings in year one, as the company invests in the expansion of CareMore's capabilities to more members, and accretive in years two and beyond.