WellPoint (WLP) Closes Amerigroup Acquisition
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WellPoint, Inc. (NYSE: WLP) announced today the completion of its acquisition of Amerigroup Corporation (NYSE: AGP), one of the nation’s leading managed care companies that is focused on meeting the health care needs of financially vulnerable Americans.
With Amerigroup, WellPoint’s affiliated Medicaid health plans now serve approximately 4.5 million beneficiaries of state sponsored health care programs in 20 states, bringing the company’s total medical enrollment to approximately 36 million members in all affiliated plans. WellPoint also now has a presence in several states with significant dual eligible managed care opportunities.
Amerigroup will operate as a wholly owned subsidiary within WellPoint and will remain dedicated to effectively managing state sponsored programs and further expanding this business. Amerigroup’s management team will lead the combined Medicaid businesses.
With Amerigroup, WellPoint’s affiliated Medicaid health plans now serve approximately 4.5 million beneficiaries of state sponsored health care programs in 20 states, bringing the company’s total medical enrollment to approximately 36 million members in all affiliated plans. WellPoint also now has a presence in several states with significant dual eligible managed care opportunities.
Amerigroup will operate as a wholly owned subsidiary within WellPoint and will remain dedicated to effectively managing state sponsored programs and further expanding this business. Amerigroup’s management team will lead the combined Medicaid businesses.
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