VIRGINIA BEACH, Va., June 13 AMERIGROUPCorporation (NYSE: AGP) announced today that the Florida Healthy Kids programhas completed a competitive bidding process that will expand the role of theCompany's Florida subsidiary in offering health insurance to many of Florida'suninsured children.
The Board of Directors of Florida Healthy Kids today approved AMERIGROUPCommunity Care of Florida to continue to cover children in eight countieswhere it currently operates: Broward, Miami-Dade, Hillsborough, Orange, Pasco,Palm Beach, Pinellas and Polk. In addition, effective October 1, 2008,AMERIGROUP Community Care will begin offering coverage to children in Brevard,Lake, Manatee and Seminole counties, for a total of 12 counties.
"We are pleased that Florida Healthy Kids is offering AMERIGROUP theopportunity to help even more of Florida's uninsured children get qualityhealthcare," said James Carlson, Chairman, President and Chief ExecutiveOfficer of AMERIGROUP Corporation. "AMERIGROUP has worked to meet the healthneeds of Florida's children through this program for more than five years. Welook forward to building on our record of service."
Florida Healthy Kids is part of the State Children's Health InsuranceProgram (SCHIP), a joint federal-state initiative designed to provideaffordable healthcare coverage to families who otherwise would not get it.Florida Healthy Kids currently serves about 210,000 children statewide. Eightcare management organizations have been selected to participate in the programeffective October 1.
AMERIGROUP Community Care of Florida covers approximately 60,000 childrenthrough Florida Healthy Kids in the eight counties where it currentlyoperates. Of these eight counties, the Company currently competes with othercare management organizations in six. With the October 1 go-live, that numberwill decrease to five counties, as AMERIGROUP Community Care becomes the solecare management organization for Florida Healthy Kids in Pinellas. In thefour counties where AMERIGROUP is scheduled to begin operating October 1,AMERIGROUP has also been designated as the sole care management organizationfor Florida Healthy Kids. Those four counties currently have a combinedenrollment of about 14,000.
About AMERIGROUP Corporation
AMERIGROUP Corporation, headquartered in Virginia Beach, Virginia,improves healthcare access and quality for the financially vulnerable, seniorsand people with disabilities by developing innovative managed health servicesfor the public sector. Through its subsidiaries, AMERIGROUP Corporationserves approximately 1.7 million people in the District of Columbia, Florida,Georgia, Maryland, New Jersey, New Mexico, New York, Ohio, South Carolina,Tennessee, Texas and Virginia. For more information, visithttp://www.amerigroupcorp.com.CONTACTS: Investors: Julie Loftus Trudell Senior Vice President, Investor Relations AMERIGROUP Corporation (757) 321-3597 News Media: Kent Jenkins Jr. Senior Vice President, External Communications AMERIGROUP Corporation (757) 769-7859
SOURCE AMERIGROUP Corporation