Amerigroup corporation anthem

WellPoint Inc. Amerigroup shares soared close to the acquisition price Monday morning. WellPoint's stock rose 3. Medicaid is the state and federally funded program that provides health coverage for the needy and disabled. WellPoint, which is based in Indianapolis, and other insurers see growth opportunities in managing care for patients who qualify for both Medicaid and Medicare, the federally funded program for people over age 65 and the disabled.

These so-called "dual eligible" patients generate a lot of medical claims, and states have been moving them to managed care programs to improve their coverage and cut down on wasteful spending and duplicate tests.

WellPoint says it will fund the acquisition with available cash, commercial paper and by issuing new debt. The transaction is expected to close in 's first quarter. It still needs certain regulatory approvals and the approval of Amerigroup stockholders. The company is maintaining its earnings outlook. This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Get the news and information you need from the award-winning writers at HBJ.

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Account Purchase History Logout. Their contract with the state required that they enroll all eligible clients, but prosecutors submitted emails showing that Amerigroup had a policy of targeting healthy enrollees and specifically excluded pregnant women and others with expensive conditions. From Wikipedia, the free encyclopedia. Retrieved 22 February Amerigroup Corporation. Archived from the original on 26 January Securities and Exchange Commission. Retrieved 28 June Archived from the original on Retrieved 17 June Archived from the original on 3 August Amerigroup Foundation.

The Business Journals. Archived from the original on 18 January Chicago Tribune. Retrieved 21 March Illinois Attorney General. August 14, Retrieved March 21, Wall Street Journal. Categories : Health care companies based in Virginia Health care companies established in Financial services companies established in Companies formerly listed on the New York Stock Exchange Health insurance companies of the United States Companies based in Virginia Beach, Virginia mergers and acquisitions Medicare and Medicaid United States establishments in Virginia.

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