Hints and tips:
Related Topics
...Credit Suisse advised WellPoint and Goldman Sachs and Barclays advised Amerigroup....
...The deal comes on the heels of WellPoint ’s acquisition of Amerigroup Corp for $4.9bn last month. Coventry Health Care jumped 20.3 per cent to $42.04. The stock has gained 30 per cent last week....
...Wellpoint’s shares rose 3 per cent on the news, even though it paid a premium of $1.4bn for Amerigroup, more than the $125m in expected annual synergies can justify on their own....
...The deal follows a similar move last month by WellPoint, which paid $4.9bn in cash to buy Amerigroup Corp, which specialises in Medicaid plans....
...Shares in Amerigroup Corporation surged after WellPoint confirmed that it was buying the US health insurer for $4.9bn....
...Wellpoint will pay a premium over Amerigroup stock’s Friday closing price of 43 per cent, the largest ever in the sector....
...That followed a similar move by WellPoint, which in July paid $4.9bn in cash to buy Amerigroup Corp....
...Investors in insurers that specialise in Medicaid (Amerigroup, Molina, Centene and Wellcare) seem to think the expansion will proceed apace anyway; shares in those companies all rallied sharply....
...To address the problems, Amerigroup’s 700 customer service staff and nurses in three sites are now using an integrated system from Pegasystems, a software company....
...Elsewhere, WellPoint rose 7.7 per cent to $61.80 after the healthcare group said the departure of Angela Braly, its former president and chief executive officer, would not affect the acquisition of Amerigroup...
...In early July, WellPoint, the US health insurer, agreed to buy rival Amerigroup in a $4.9bn cash transaction, marking what many people predict will be the beginning of a wave of mergers, as healthcare companies...
...Amerigroup, the managed healthcare provider, fell 14.1 per cent to $23.36....
...Also lower was Amerigroup , the healthcare services provider that saw its stock tumble 41.6 per cent to $19.81 after it warned investors of a loss in the upcoming quarter owing to rising healthcare costs...
International Edition