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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 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 ] In August 2012, CEO Angela Braly resigned due to pressure from investors.
The company recently announced a proposed acquisition of Amerigroup (NYS: AGP) , a managed care company focusing largely on Medicaid. WellPoint's $5 Billion Bet on Obama's Re-Election? Skip to ...
WellPoint's Medicaid Business Unit Announces Conference Participation for May VIRGINIA BEACH, Va.--(BUSINESS WIRE)-- Amerigroup, a wholly owned subsidiary of WellPoint, Inc., announced its ...
New Jersey membership increased as a result of Amerigroup's first acquisition; the Medicaid business from Oxford Health Plans. [13] [10] This was the first of about 14 future acquisitions Amerigroup would make. Following the purchase of Oxford Health Plan's Medicaid business, Amerigroup turned its first profit of about $3.5 million. [10]
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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 ...