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Stock Market & Financial Investment News

News Breaks
November 28, 2012
14:00 EDTWLP, AGPAmerigroup sale of subsidiary addresses DOJ concerns over WellPoint acquisition
The Department of Justice announced that Amerigroup's (AGP) sale of its subsidiary, Amerigroup Virginia, addresses the department’s concerns with WellPoint's (WLP) proposed acquisition of Amerigroup. The department said that the merger, as originally proposed, would have substantially lessened competition in the provision of Medicaid managed care plans in Northern Virginia. Amerigroup has agreed to sell Amerigroup Virginia to the Inova Health System Foundation. The department closed its investigation of the sale of Amerigroup Virginia to the Inova Health System Foundation, allowing the parties to proceed to consummate their transaction. Without the divestiture, WellPoint’s proposed acquisition of Amerigroup would result in a merger to monopoly in Medicaid managed care in Arlington, Culpeper, Fairfax, Fauquier, Frederick, Loudon, Prince William, Rappahannock and Warren counties, plus the cities of Alexandria, Falls Church, Fairfax and Manassas Park. Reference Link
News For WLP;AGP From The Last 14 Days
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October 20, 2014
13:01 EDTWLPWellPoint renews agremeent with Healthways to continue SilverSneakers program
SilverSneakers Fitness program will continue to be available to most members of WellPoint’s (WLP) affiliated Medicare Advantage plans as a result of its renewed agreement with Healthways (HWAY), which administers the popular program. SilverSneakers offers fitness programs geared toward older adults, including strength training and aerobic and flexibility exercises. The program offers WellPoint affiliated Medicare Advantage members full memberships at participating fitness facilities nationwide at no extra cost.
October 15, 2014
07:27 EDTWLPModern Healthcare to hold a virtual conference
Building Tomorrow's Delivery Model: Forging a Path to Value is being held on October 15 at 9:30 am. Webcast Link

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