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9Jul/120

Wellpoint strikes deal to buy Amerigroup for $4.9 Billion

WellPoint entered a definitive agreement to acquire Amerigroup in a cash deal valued at $4.9 billion.

The agreement, expected to close in the first quarter of 2013, calls for WellPoint, Indianapolis, to pay $92 per share for Amerigroup, a Virginia Beach, Va.-based managed-care company with 2.7 million members in 13 states, according to a news release.

The acquisition would greatly expand WellPoint's footprint in Medicaid managed care and with the dual-eligible population. The combined company would have “a presence in the four largest states that have a combined $105 billion in annual dual eligible spending,” according to the release.

 

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