Hundreds of Blue Cross and Blue Shield of New Mexico employees, joined by insurance brokers, health care providers, dignitaries and other guests, assembled on 11 acres Friday morning east of Balloon Fiesta Park for the ceremonial groundbreaking for the company's headquarters.
The 100,000-square-foot building is expected to be completed by December 2006. It will house 350 employees who work in the company's buildings on Indian School near Tramway NE, and on Wellesley NE, near Menaul and Carlisle. The building will accommodate 500 employees.
The $28 million headquarters is designed by Dekker Perich Sabatini.
Blue Cross and Blue Shield of New Mexico was founded in 1940. It is an affiliate of Chicago-based Health Care Service Corp.
Blue Cross and Blue Shield of New Mexico was in tough financial shape before it sold to Health Care Service Corp.
The Journal's Monday Business Outlook examines how the companies have fared since the transaction.
Sunday, July 31, 2005
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