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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]
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 ...
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.
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 ...
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[10] [11] Amerigroup debuted on November 6, 2001, with 4.4 million shares of common stock (NASDAQ: AMGP) [14] According to an article from Investor's Business Daily, "The shares were priced at $17, within the expected range of $17 to $19 Amerigroup jumped as high as $22.55 before closing up $3.90 at $20.90, a 23% gain."
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