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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 ...
Amerigroup is an American health insurance and managed health care provider. Amerigroup covers 7.7 million seniors, people with disabilities, low-income families and other state and federally sponsored beneficiaries, and federal employees in 26 states, making it the nation's largest provider of health care for public programs. [ 1 ]
In 2011, WellPoint acquired CareMore, a Cerritos, California-based provider of insurance and care centers for elderly patients. [50] In 2012, WellPoint acquired Amerigroup for $4.9 billion, anticipating significant growth due to Medicaid expansion under the Patient Protection and Affordable Care Act. [51] [52] [53]
CareMore introduced a number of Special Needs Plans in 2007 that were aimed at high-cost, high-need patients with chronic diseases. By 2010, CareMore had expanded to Northern California, Arizona, and Nevada. Serving over 50,000 patients, CareMore was acquired by WellPoint – now Anthem – in 2011 for $800 million.
Did large health insurer WellPoint (NYS: WLP) just bet nearly $5 billion that Barack Obama will be re-elected? The company recently announced a proposed acquisition of Amerigroup (NYS: AGP) , a ...
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The Tennessee subsidiary became the 10th state in which Amerigroup operated. [20] [21] The following fall, ... In July 2012, WellPoint (now Elevance Health), ...
The uncertainties created by the Affordable Care Act (the ACA or "Obamacare") have affected all of the players in the space, leading to a drive toward consolidation and scale through acquisitions ...