Amerigroup Completes Acquisition of University Health Plans in New Jersey
VIRGINIA BEACH, Va., March 1, 2010 Amerigroup Corporation (NYSE: AGP) today announced that its New Jersey health plan has completed the previously announced acquisition of certain assets of University Health Plans. The acquisition is effective March 1, 2010.
Amerigroup Community Care of New Jersey now serves approximately 156,000 members. Amerigroup does not expect this transaction to have a material impact on its 2010 earnings.
About Amerigroup Corporation
Amerigroup Corporation and its subsidiaries help those in publicly funded healthcare programs by ensuring that these individuals enter an organized system of care and a true medical home. Serving approximately 1.8 million members in 11 states nationwide, Amerigroup accepts all eligible people regardless of age, sex, race or disability. The Company's product offerings do not utilize any individual underwriting nor deny coverage due to pre-existing medical conditions. Amerigroup is dedicated to offering real solutions that improve healthcare access and quality for its members, while proactively working to reduce the overall cost of care to taxpayers. For more information and real story examples of these solutions, please visit www.amerigroupcorp.com.
CONTACTS: Investors: Julie Loftus Trudell Senior Vice President, Investor Relations Amerigroup Corporation (757) 321-3597 Media: Tara J. Wall Senior Vice President, Communications Amerigroup Corporation (757) 518-3671
SOURCE Amerigroup Corporation
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