AMERIGROUP (AGP) Sends Termination Notice to Centene (CNC) Relating to New Jersey Deal
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Centene Corporation (NYSE: CNC) today announced that it has received a termination notice from AMERIGROUP Corporation (NYSE: AGP) relating to the previously disclosed agreement to sell certain assets of University Health Plans, Inc. in the State of New Jersey. Centene does not believe that there is cause to terminate the New Jersey transaction and is prepared to pursue all available means to bring the transaction to closure.
The termination notice for New Jersey does not relate to or reference the previously disclosed agreement by Centene to purchase from AMERIGROUP certain assets in South Carolina. Centene intends to close the South Carolina transaction as contemplated in the first quarter of 2009.
Centene Corporation operates as a multiline healthcare company in the United States.
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