WellPoint Grows Medicaid Biz With $5B Amerigroup Buy

Law360, New York (July 09, 2012, 9:36 PM ET) -- Indiana-based WellPoint Inc., one of the U.S.’ biggest health insurers, will dramatically expand its private Medicaid management business with the acquisition of rival Amerigroup Corp. in a deal valued at $4.9 billion, the companies announced Monday.

With the purchase of Virginia-headquartered Amerigroup, WellPoint — the biggest managed health care company in the Blue Cross Blue Shield Association — gains a niche program that focuses on dual-eligible customers, elderly and disabled patients who qualify for both Medicare and Medicaid, and expands its footprint from 14 to 19...
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