WellPoint Announces $4.9B Deal To Acquire Amerigroup
On Monday, WellPoint -- the second largest U.S. health insurer and parent company of California's Anthem Blue Cross -- announced a deal to acquire Amerigroup, a Medicaid managed care company. The $4.9 billion all-cash acquisition would make WellPoint the largest Medicaid administrator in the U.S., giving the insurer a total of 4.5 million beneficiaries in 19 states.
- "WellPoint Aims To Profit From Medicaid With Amerigroup Purchase" (Hamilton, Los Angeles Times, 7/10).