(Bloomberg) — Anthem Inc. (NYSE:ANTM) replaced 12.7 acres of lawn — about 10 football fields — at its Woodland Hills, Calif., campus, taking advantage of a government subsidy to install drought-friendly plants as the region copes with a severe dry spell.
Using funds from the Los Angeles Department of Water and Power, the second-biggest U.S. health insurer said it replaced the grass with 8,500 plants, including crape myrtle trees, flax bushes and sage leaf rockroses. The $1.1 million cost of the project was offset by the water department's rebate, Anthem said.
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