Amerigroup Announces Stockholder Approval of Merger Agreement with WellPoint, Inc.

Amerigroup Announces Stockholder Approval of Merger Agreement with WellPoint,

PR Newswire

VIRGINIA BEACH, Va., Oct. 23, 2012

VIRGINIA BEACH, Va., Oct. 23, 2012 /PRNewswire/ --Amerigroup Corporation
(NYSE: AGP) announced that its stockholders voted at a special meeting of
stockholders held earlier today to approve the adoption of the merger
agreement, dated as of July 9, 2012, providing for the acquisition of
Amerigroup by WellPoint, Inc.

Of the shares voting at today's special meeting of stockholders, 99.94% voted
in favor of the adoption of the merger agreement, which represented
approximately 80% of Amerigroup's total outstanding shares of common stock as
of the August 27, 2012 record date. A quorum of approximately 80% of
Amerigroup's total outstanding shares of common stock as of the August 27,
2012 record date voted at the special meeting.

The closing of the Amerigroup and WellPoint merger is subject to certain
regulatory approvals and customary closing conditions and is expected to occur
during the fourth quarter of 2012.

About Amerigroup Corporation
Amerigroup, a Fortune 500 Company, coordinates services for individuals in
publicly funded health care programs. Currently serving more than 2.7 million
members in 13 states nationwide, Amerigroup expects to expand operations to
its 14^th state, Kansas, as a result of a previously awarded state contract.
Amerigroup is dedicated to offering real solutions that improve health care
access and quality for its members, while proactively working to reduce the
overall cost of care to taxpayers. Amerigroup accepts all eligible people
regardless of age, sex, race or disability. For more information, please visit

Cautionary Statement Regarding Forward-Looking Statements
This communication contains certain "forward-looking" statements as that term
is defined by Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Statements
that are predictive in nature, that depend on or relate to future events or
conditions, or that include words such as "believes", "anticipates",
"expects", "may", "will", "should", "estimates", "intends", "plans" and other
similar expressions are forward-looking statements. Forward-looking statements
involve known and unknown risks and uncertainties that may cause our actual
results in future periods to differ materially from those projected or
contemplated in the forward-looking statements as a result of, but not limited
to, the following factors: the failure to receive, on a timely basis or
otherwise, the required approvals by government or regulatory agencies related
to Amerigroup's transaction with WellPoint; the risk that a condition to
closing of the proposed transaction may not be satisfied; Amerigroup's and
WellPoint's ability to consummate the merger; the failure by WellPoint to
obtain the necessary debt financing arrangements set forth in the commitment
letter received in connection with the merger; operating costs and business
disruption may be greater than expected; the ability of Amerigroup to retain
and hire key personnel and maintain relationships with providers or other
business partners pending the consummation of the transaction; and the impact
of legislative, regulatory and competitive changes and other risk factors
relating to the industries in which Amerigroup and WellPoint operate, as
detailed from time to time in each of Amerigroup's and WellPoint's reports
filed with the Securities and Exchange Commission (the "SEC"). There can be no
assurance that the proposed transaction will in fact be consummated.

Additional information about these factors and about the material factors or
assumptions underlying such forward-looking statements may be found under Item
1.A in Amerigroup's Annual Report on Form 10-K for the fiscal year ended
December 31, 2011, and Item 1.A in Amerigroup's Quarterly Report on Form 10-Q
for the quarter ended June 30, 2012, as amended. Amerigroup cautions that the
foregoing list of important factors that may affect future results is not
exhaustive. When relying on forward-looking statements to make decisions with
respect to the proposed transaction, stockholders and others should carefully
consider the foregoing factors and other uncertainties and potential events.
All subsequent written and oral forward-looking statements concerning the
proposed transaction or other matters attributable to Amerigroup or any other
person acting on their behalf are expressly qualified in their entirety by the
cautionary statements referenced above. The forward-looking statements
contained herein speak only as of the date of this communication. Amerigroup
undertakes no obligation to update or revise any forward-looking statements
for any reason, even if new information becomes available or other events
occur in the future, except as may be required by law.

Investors: Julie Loftus Trudell        News Media: Maureen C. McDonnell
Amerigroup Corporation                 Amerigroup Corporation
Senior Vice President, Investor        Vice President, External Communications
(757) 321-3597                         (757) 473-2731 

SOURCE Amerigroup Corporation

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