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News Breaks | | | | November 28, 2012 | | 14:00 EDT |  | WLP, AGP | Amerigroup 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 | |
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News For WLP;AGP From The Last 14 Days Check below for free stories on WLP;AGP the last two weeks. |
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| May 20, 2013 | | 16:31 EDT | | WLP | Wellpoint announces organizational realignment
 Subscribe for More Information | | | May 15, 2013 | | 06:19 EDT |  | WLP | Three WellPoint directors resign, Bloomberg reports
Subscribe for More Information | | | May 14, 2013 | | 10:01 EDT |  | WLP | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 05:43 EDT | | WLP | Wellpoint upgraded to Buy from Hold at Jefferies
Subscribe for More Information | | | May 13, 2013 | | 17:51 EDT |  | WLP | Wellpoint reaffirms FY13 EPS view of 'at least' $7.75, consensus $7.99
Subscribe for More Information | | | May 9, 2013 | | 10:36 EDT |  | WLP | Wellpoint volatility at low end of historic range
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