A PYMNTS Company

U.S.: WellPoint one step closer to finalizing $4.46B merger with Amerigroup

By  |  November 29, 2012

The Department of Justice has cleared WellPoint Inc to buy Medicaid insurer Amerigroup Corp. for a planned $4.46 billion as long as Amerigroup sells its Virginia not-for-profit businesses. The deal is still subject to state regulators, however; but if approved, the parties expect to finalize the deal by the end of the year. The DOJ said that if the original plan of the merger had been approved, consumers would have fewer options for Medicaid managed-care plans in northern Virginia, as WellPoint and Amerigroup are the only providers in the area.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Nasdaq

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.