News Summary: WellPoint buys Amerigroup for $4.46B

Published July 9, 2012 9:10pm ET



INDIANAPOLIS (AP) — THE DEAL: Health insurer WellPoint Inc. said Monday it will spend about $4.46 billion to acquire Medicaid coverage provider Amerigroup Corp.

THE PARTICULARS: WellPoint, the nation’s second-largest insurer, will spend $92 per share in cash for Amerigroup Corp., which runs Medicaid coverage in 13 states, including Texas, Florida, New York and New Jersey.

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