Health insurer WellPoint has agreed to purchase Amerigroup in a $4.9 billion deal designed to strengthen the company's Medicaid focus. The deal comes as the Obama administration won U.S. Supreme Court approval to move forward with its Affordable Care Act, which calls for major changes to both the health insurance industry and Medicaid.
July 12, 2012 at 12:00 AM
1 minute read
Health insurer WellPoint has agreed to purchase Amerigroup in a $4.9 billion deal designed to strengthen the company’s Medicaid focus.
WellPoint, based in Indianapolis, will pay $92 per Amerigroup share in cash. When the deal closes, expected in the first quarter of 2013, WellPoint will serve more than 4.5 million beneficiaries of state-sponsored healthcare programs, with a presence in 19 states.
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