Insurance Giant To Buy Amerigroup For $4.9 Billion
Under the agreement,
The acquisition comes as states ponder whether to expand their
Company leaders said several of
"I'm really proud to believe that this transaction anchors
However, Sessoms remained cautious.
"To sit back and tell you I'm not concerned, that would be a mistake," he said. "You never know when a company's purchased if they're going to take all their jobs somewhere else."
Now a Fortune 500 company,
Joining WellPoint was attractive because it offered an opportunity to expand
"This agreement will allow us to cover more lives with the same coordinated care, with the same integrity and same compassion because we have such similar missions," McDonnell said.
The deal - which still needs certain regulatory approvals and the approval of
WellPoint bolsters its government business, a former weakness because of its small size, while
Agricola said he hoped WellPoint would continue
Under the agreement, WellPoint will pay
"That certainly will create significant financial wealth in our region among those shareholders," Agricola said. "That's very positive."
McWaters, who retired from
He sold all of his stock when he became involved with the state
"In a public company, when someone offers you that kind of premium, you don't have much choice," McWaters said.
He said Monday's news made him feel pleased and reflective - "blessed is even a better word," he said, "for me to have been part of the company."
more jobs? maybe.
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