WellPoint Completes Acquisition of Amerigroup

  WellPoint Completes Acquisition of Amerigroup

Business Wire

INDIANAPOLIS -- December 24, 2012

WellPoint, Inc. (NYSE: WLP) announced today the completion of its acquisition
of Amerigroup Corporation, one of the nation’s leading managed care companies
that is focused on meeting the health care needs of financially vulnerable
Americans.

“The acquisition advances our ability to more effectively and efficiently
serve the growing Medicaid population, including the expanding dual eligible,
seniors and persons with disabilities, and long-term services and support
markets,” said John Cannon, WellPoint’s Interim President and CEO. “By
leveraging our combined clinical capabilities, resources and expertise,
WellPoint’s competitive position in the Dual Eligible and Medicaid markets
will be enhanced and will help create more value for state governments and
their program beneficiaries.”

With Amerigroup, WellPoint’s affiliated Medicaid health plans now serve
approximately 4.5 million beneficiaries of state sponsored health care
programs in 20 states, bringing the company’s total medical enrollment to
approximately 36 million members in all affiliated plans. WellPoint also now
has a presence in several states with significant dual eligible managed care
opportunities.

Amerigroup will operate as a wholly owned subsidiary within WellPoint and will
remain dedicated to effectively managing state sponsored programs and further
expanding this business. Amerigroup’s management team will lead the combined
Medicaid businesses.

About WellPoint, Inc.

At WellPoint, we believe there is an important connection between our members’
health and well-being—and the value we bring our customers and shareholders.
So each day we work to improve the health of our members and their
communities. And, we can make a real difference since we have approximately 36
million people in our affiliated health plans, and approximately 66 million
people served through our subsidiaries. As an independent licensee of the Blue
Cross and Blue Shield Association, WellPoint serves members as the Blue Cross
licensee for California; the Blue Cross and Blue Shield licensee for Colorado,
Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30
counties in the Kansas City area), Nevada, New Hampshire, New York (as the
Blue Cross Blue Shield licensee in 10 New York City metropolitan and
surrounding counties and as the Blue Cross or Blue Cross Blue Shield licensee
in selected upstate counties only), Ohio, Virginia (excluding the Northern
Virginia suburbs of Washington, D.C.), and Wisconsin. In a majority of these
service areas, WellPoint’s plans do business as Anthem Blue Cross, Anthem Blue
Cross and Blue Shield, Blue Cross and Blue Shield of Georgia and Empire Blue
Cross Blue Shield, or Empire Blue Cross (in the New York service areas).
WellPoint also serves customers throughout the country as UniCare and in
certain markets through our Amerigroup and CareMore subsidiaries. Our 1-800
CONTACTS, Inc. subsidiary offers customers online sales of contact lenses,
eyeglasses and other ocular products. Additional information about WellPoint
is available at www.wellpoint.com.

Contact:

WellPoint, Inc.
Investor Relations
Doug Simpson, 212-476-1473
or
Media
Jill Becher, 414-234-1573
 
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