INDIANAPOLIS--(BUSINESS WIRE)--Dec. 24, 2012--
WellPoint, Inc. (NYSE: WLP) announced today the completion of its
acquisition of Amerigroup Corporation, one of the nation’s leading
managed care companies that is focused on meeting the health care needs
of financially vulnerable Americans.
“The acquisition advances our ability to more effectively and
efficiently serve the growing Medicaid population, including the
expanding dual eligible, seniors and persons with disabilities, and
long-term services and support markets,” said John Cannon, WellPoint’s
Interim President and CEO. “By leveraging our combined clinical
capabilities, resources and expertise, WellPoint’s competitive position
in the Dual Eligible and Medicaid markets will be enhanced and will help
create more value for state governments and their program beneficiaries.”
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 medical enrollment
to approximately 36 million members in all affiliated plans. WellPoint
also now has a presence in several states with significant dual eligible
managed care opportunities.
Amerigroup will operate as a wholly owned subsidiary within WellPoint
and will remain dedicated to effectively managing state sponsored
programs and further expanding this business. Amerigroup’s management
team will lead the combined Medicaid businesses.
About WellPoint, Inc.
At WellPoint, we believe there is an important connection between our
members’ health and well-being—and the value we bring our customers and
shareholders. So each day we work to improve the health of our members
and their communities. And, we can make a real difference since we have
approximately 36 million people in our affiliated health plans, and
approximately 66 million people served through our subsidiaries. As an
independent licensee of the Blue Cross and Blue Shield Association,
WellPoint serves members as the Blue Cross licensee for California; the
Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia,
Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas
City area), Nevada, New Hampshire, New York (as the Blue Cross Blue
Shield licensee in 10 New York City metropolitan and surrounding
counties and as the Blue Cross or Blue Cross Blue Shield licensee in
selected upstate counties only), Ohio, Virginia (excluding the Northern
Virginia suburbs of Washington, D.C.), and Wisconsin. In a majority of
these service areas, WellPoint’s plans do business as Anthem Blue Cross,
Anthem Blue Cross and Blue Shield, Blue Cross and Blue Shield of Georgia
and Empire Blue Cross Blue Shield, or Empire Blue Cross (in the New York
service areas). WellPoint also serves customers throughout the country
as UniCare and in certain markets through our Amerigroup and CareMore
subsidiaries. Our 1-800 CONTACTS, Inc. subsidiary offers customers
online sales of contact lenses, eyeglasses and other ocular products.
Additional information about WellPoint is available at www.wellpoint.com.
Source: WellPoint, Inc.
WellPoint, Inc.
Investor Relations
Doug
Simpson, 212-476-1473
or
Media
Jill
Becher, 414-234-1573
