Archived News and Information
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July 9, 2008
AMERIGROUP Begins Groundbreaking Long-Term Care Program in New Mexico
AMERIGROUP Corporation (NYSE: AGP) announced today that it has executed a contract to begin serving individuals in New Mexico's new Coordinated Long-Term Services (CLTS) program that constitutes one of the Nation's first comprehensive programs to coordinate long-term care for individuals.
July 3, 2008
AMERIGROUP Renews Contract with Tennessee
AMERIGROUP Corporation (NYSE: AGP) announced today that, effective July 1, 2008, AMERIGROUP Tennessee renewed its contract with the State of Tennessee through June 30, 2009.
June 17, 2008
AMERIGROUP Corporation to Present at the 18th Annual Wachovia Nantucket Equity Conference on June 24
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the 18th Annual Wachovia Nantucket Equity Conference on June 24 in Nantucket, Massachusetts.
June 13, 2008
AMERIGROUP to Expand Coverage Area in Florida Healthy Kids Program
AMERIGROUP Corporation (NYSE: AGP) announced today that the Florida Healthy Kids program has completed a competitive bidding process that will expand the role of the Company’s Florida subsidiary in offering health insurance to many of Florida’s uninsured children.
June 10, 2008
AMERIGROUP Provides Status on Tennessee Rate Increase and Effect on 2008 Guidance
AMERIGROUP Corporation (NYSE: AGP) announced today that it is suspending its full-year 2008 guidance of $2.35 to $2.45 per diluted share pending completion of its rate increase negotiations with the State of Tennessee.
May 30, 2008
AMERIGROUP Corporation to Present at the Goldman Sachs 29th Annual Global Healthcare Conference on June 11
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the Goldman Sachs Global Healthcare Conference on June 11 at Dana Point, California.
May 8, 2008
AMERIGROUP Holds 2008 Annual Meeting of Stockholders
AMERIGROUP Corporation (NYSE: AGP) announced that at today’s 2008 Annual Meeting of Stockholders, its stockholders re-elected current directors James G. Carlson, Jeffrey B. Child and Richard D. Shirk to three-year terms. Additionally, at today’s regularly scheduled meeting of the Board of Directors held in conjunction with the Annual Meeting, the Board elected Carlson, currently AMERIGROUP’s President and Chief Executive Officer, as its new Chairman of the Board, succeeding Company founder Jeffrey L. McWaters.
May 6, 2008
AMERIGROUP Corporation to Present at the Citigroup 2008 Global Healthcare Conference on May 21
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the Citigroup 2008 Global Healthcare Conference on May 21 in New York City.
May 2, 2008
AMERIGROUP Corporation to Webcast Annual Meeting of Stockholders on May 8, 2008
AMERIGROUP Corporation (NYSE: AGP) today announced that the Company will webcast its 2008 Annual Meeting of Stockholders on May 8.
April 23, 2008
AMERIGROUP Corporation Reports First Quarter Net Income of $35.1 Million or $0.65 Per Diluted Share
AMERIGROUP Corporation (NYSE: AGP) today announced that its net income for the first quarter of 2008 was $35.1 million or $0.65 per diluted share versus $21.3 million or $0.40 per diluted share for the first quarter of 2007.
April 2, 2008
AMERIGROUP Successful Bidder in DC RFP
AMERIGROUP DC was notified that it was one of four successful bidders in the reprocurement of the District of Columbia’s Medicaid managed care business.
March 19, 2008
AMERIGROUP Updates 2008 Guidance to Reflect Yesterday’s Federal Reserve Action
AMERIGROUP Corporation (NYSE: AGP) announced today that it has updated its guidance for the full year 2008 to $2.46 to $2.61 per diluted share from the previously announced range of $2.58 to $2.73 to reflect yesterday’s Federal Reserve action reducing the Federal Funds Rate by 75 basis points, which will have a corresponding impact on market interest rates.
March 6, 2008
AMERIGROUP Corporation to Present at the Lehman Brothers Global Healthcare Conference on March 20
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the Lehman Brothers Global Healthcare Conference on March 20 in Miami.
Feb. 27, 2008
AMERIGROUP Community Care of Virginia Wins New Health Plan Accreditation from NCQA
AMERIGROUP Community Care of Virginia announced today that it has been awarded New Health Plan Accreditation by the National Committee for Quality Assurance (NCQA), certifying that it offers high-quality services to its 24,000 members.
Feb. 13, 2008
AMERIGROUP Reports Q4 Net Income of $31.1 Million or $0.57 Per Diluted Share; Full-Year Net Income of $116.5 Million or $2.16 Per Diluted Share
AMERIGROUP Corporation (NYSE: AGP) today announced that its net income for the fourth quarter of 2007 increased 3.9% to $31.1 million, or $0.57 per diluted share, versus net income of $29.9 million, or $0.56 per diluted share, for the fourth quarter of 2006. This compares sequentially to net income of $31.2 million, or $0.58 per diluted share, for the third quarter of 2007. For the year ended December 31, 2007, net income was $116.5 million, or $2.16 per diluted share, versus net income of $107.1 million, or $2.02 per diluted share, for full-year 2006.
Jan. 29, 2008
AMERIGROUP Names Linda Whitley-Taylor as Executive Vice President, Associate Services
AMERIGROUP Corporation (NYSE: AGP) today announced the hiring of three experienced executives to lead the Company in key management positions: Linda Whitley-Taylor has been named Executive Vice President, Associate Services; Jeffrey L. Stredler, Esq. joins AMERIGROUP as Senior Vice President, Senior Litigation Counsel; and William D. Mellon has been named Senior Vice President, Corporate Communications.
Jan. 16, 2008
AMERIGROUP Executive Speaks Before Congress on ‘Medicaid’s Critical Role for Americans with Disabilities’
AMERIGROUP Corporation (NYSE: AGP) was invited to speak today before the U.S. House of Representatives Energy and Commerce Committee Subcommittee on Health. Aileen McCormick, AMERIGROUP’s Southwest Region Chief Executive Officer, spoke to the committee on behalf of America’s Health Insurance Plans (AHIP). Her opening statement follows.
Jan. 15, 2008
AMERIGROUP Corporation to Discuss Fourth Quarter Earnings on Feb. 14
AMERIGROUP Corporation (NYSE: AGP) today announced that it will report its earnings for the fourth quarter ended December 31, 2007, after the market closes on Wednesday, February 13, 2008. At 8:30 a.m. Eastern Time on Thursday, February 14, 2008, AMERIGROUP's management will host a conference call and webcast to discuss earnings and other information.
Jan. 8, 2008
AMERIGROUP Community Care of Georgia Wins New Health Plan Accreditation from NCQA
AMERIGROUP Community Care of Georgia announced today that it has been awarded New Health Plan Accreditation by the National Committee for Quality Assurance (NCQA), certifying that it offers high-quality services to its 218,000 members.
Dec. 17, 2007
AMERIGROUP Corporation to Present at the 26th Annual JPMorgan Healthcare Conference on Jan. 9
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the 26th Annual JPMorgan Healthcare Conference on January 9 in San Francisco.
Nov. 13, 2007
AMERIGROUP Corporation to Present at the Merrill Lynch Health Services Investor Conference on Nov. 27
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the Merrill Lynch Health Services Investor Conference on November 27 in New York City.
Nov. 5, 2007
AMERIGROUP Corporation to Present at the 2007 Credit Suisse Healthcare Conference on Nov. 13
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the 2007 Credit Suisse Healthcare Conference on November 13 in Phoenix, Arizona.
Nov. 1, 2007
AMERIGROUP Completes Acquisition of Memphis Health Plan
AMERIGROUP Corporation (NYSE: AGP) today announced that its Tennessee subsidiary has completed the previously announced acquisition of the assets of Memphis Managed Care Corporation, including TLC Family Care Health Plan, and received the necessary regulatory approvals. The acquisition is effective November 1, 2007.
Oct. 24, 2007
AMERIGROUP Announces Third Quarter Earnings
AMERIGROUP Corporation (NYSE: AGP) today announced that its net income for the third quarter of 2007 was $31.2 million or $0.58 per diluted share, versus $24.6 million, or $0.46 per diluted share, for the third quarter of 2006, a 27.0 percent increase. The Company is increasing and narrowing the range of its 2007 annual earnings estimate to $2.12 to $2.14 per diluted share from the previous range of $2.00 to $2.10 per diluted share.
Oct. 19, 2007
AMERIGROUP Corporation to Present at CIBC World Markets Healthcare Conference on Nov. 5
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the CIBC World Markets 18th Annual Healthcare Conference on November 5 in New York City.
Oct. 16, 2007
AMERIGROUP to Participate in National Disability Mentoring Day
AMERIGROUP Corporation (NYSE: AGP) will host more than 50 high school students this week at its National Support Center in Virginia Beach as part of the Company's participation in National Disability Mentoring Day. The effort, presented nationally by the American Association of People with Disabilities (AAPD) and locally by the Norfolk (Virginia) Public School System, involves pairing teenage students with disabilities with AMERIGROUP employees in the students' chosen areas of career interest.
Oct. 10, 2007
AMERIGROUP Corporation To Discuss Third Quarter Earnings
AMERIGROUP Corporation (NYSE: AGP) today announced that it will report its earnings for the third quarter ended September 30, 2007, after the market closes on Wednesday, October 24, 2007. At 9:30 a.m. Eastern Time on Thursday, October 25, 2007, AMERIGROUP's management will host a conference call and webcast to discuss earnings and other information.
Sept. 21, 2007
AMERIGROUP CEO Jim Carlson Addresses Investors
AMERIGROUP Corporation (NYSE: AGP) held its annual Investor Day in New York City today. AMERIGROUP CEO Jim Carlson, who assumed his position on September 1, spelled out his thoughts about the Company's future direction and growth prospects in an address at the event. Read the full text of his remarks.
Sept. 20, 2007
AMERIGROUP to Begin Operations in South Carolina
AMERIGROUP Corporation (NYSE: AGP) today announced that it has executed a contract with the State of South Carolina to begin serving Medicaid enrollees eligible for Temporary Assistance to Needy Families (TANF) and Supplemental Security Income (SSI) under the new South Carolina Healthy Connections Choices program.
Sept. 18, 2007
AMERIGROUP Contracts with Federal Government to Offer Medicare Advantage Health Plans in Seven States
AMERIGROUP Corporation (NYSE: AGP) today announced that it has signed contracts with the U.S. Centers for Medicaid and Medicare Services (CMS) to offer both Medicare Advantage Special Needs Plans (SNPs) and traditional Medicare Advantage health plans to address the specialized needs of seniors and people with disabilities in seven states.
Sept. 17, 2007
AMERIGROUP Names Mary McCluskey, MD, Chief Medical Officer
AMERIGROUP Corporation (NYSE: AGP) today announced that Mary McCluskey, MD, has been named Chief Medical Officer to oversee healthcare services for the Company’s 1.5 million members.
Sept. 5, 2007
AMERIGROUP to Acquire Memphis Health Plan
AMERIGROUP Corporation (NYSE: AGP) today announced that the controlling members of Memphis Managed Care Corporation have approved the sale of its assets, including TLC Family Care Health Plan, to AMERIGROUP Community Care of Tennessee, subject to regulatory approval by the State of Tennessee.
Sept. 4, 2007
AMERIGROUP's Carlson Assumes Post Of President and Chief Executive Officer
James G. Carlson, who was appointed President and Chief Executive Officer of AMERIGROUP Corporation (NYSE: AGP) effective September 1, today announced that Richard C. Zoretic has been elevated to Chief Operating Officer.
Aug. 28, 2007
AMERIGROUP Names Julie Locke to Lead Mid-Atlantic Region
AMERIGROUP Corporation (NYSE: AGP) today announced that veteran Mid-Atlantic healthcare executive Julie C. Locke has been named Chief Executive Officer of the Company’s health plans in its Mid-Atlantic region.
July 25, 2007
AMERIGROUP Announces Second Quarter Earnings
AMERIGROUP Corporation (NYSE: AGP) today announced that its net income for the second quarter of 2007 was $32,787,000 or $0.61 per diluted share, versus $15,280,000, or $0.29 per diluted share, for the second quarter of 2006, a 115 percent increase compared to the prior year and a 54 percent increase sequentially.
July 9, 2007
AMERIGROUP Announces the Retirement of Jeffrey L. McWaters as CEO; McWaters to Remain Chairman of the Board
AMERIGROUP Corporation (NYSE: AGP) today announced that its founder, Jeffrey L. McWaters, 50, is retiring as Chief Executive Officer, effective August 31, 2007.
July 5, 2007
AMERIGROUP Corporation To Discuss Second Quarter Earnings
On July 26
AMERIGROUP Corporation (NYSE: AGP) today announced that it will report its earnings for the second quarter ended June 30, 2007, after the market closes on Wednesday, July 25, 2007.
June 25, 2007
AMERIGROUP Corporation To Present At The 17th Annual Wachovia Nantucket Equity Conference On June 28
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the 17th Annual Wachovia Nantucket Equity Conference on June 28 in Nantucket, MA.
June 20, 2007
AMERIGROUP Corporation To Present At The Jefferies Healthcare Conference On June 26
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the Jefferies Healthcare Conference on June 26 in New York City.
June 6, 2007
AMERIGROUP Launches National Advisory Board on Improving Healthcare Services for Seniors and People With Disabilities
Drawing from a wide range of distinguished community advocates and healthcare experts, AMERIGROUP Corporation (NYSE: AGP) today announced a major step in its continuing efforts to lead the healthcare industry in addressing the needs of seniors and persons with disabilities: the formation of a National Advisory Board devoted to services for this growing segment of the individuals now relying on publicly-funded healthcare.
June 6, 2007
AMERIGROUP Corporation to Present at Goldman Sachs Twenty-Eighth Annual Global Healthcare Conference on June 12
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the Goldman Sachs Twenty-Eighth Annual Global Healthcare Conference on June 12 in Dana Point, California.
May 23, 2007
AMERIGROUP Corporation Announces Filing and Effectiveness of Registration Statement on Form S-3
AMERIGROUP Corporation (NYSE: AGP) announced today that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission, which automatically became effective upon filing.
May 15, 2007
AMERIGROUP Corporation To Present At Bank Of America 2007 Healthcare Conference On May 30
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the Bank of America 2007 Healthcare Conference on May 30 in Las Vegas, Nevada.
May 15, 2007
AMERIGROUP Corporation To Present At Citigroup Global Healthcare Conference On May 22
AMERIGROUP Corporation (NYSE: AGP) today announced that it will participate in the Citigroup Global Healthcare Conference on May 22 in New York City.
May 4, 2007
AMERIGROUP Corporation To Webcast Annual Meeting Of Stockholders On May 10, 2007
AMERIGROUP Corporation (NYSE: AGP) today announced that the Company will webcast its 2007 Annual Meeting of Stockholders on May 10.
April 25, 2007
AMERIGROUP Announces First Quarter Earnings
AMERIGROUP Corporation (NYSE: AGP) today announced that its net income for the first quarter of 2007 was $21,293,000, or $0.40 per diluted share.
April 3, 2007
AMERIGROUP Corporation to Discuss First Quarter Earnings April 26
AMERIGROUP Corporation (NYSE: AGP) today announced that it will report its earnings for the first quarter ended March 31, 2007, after the market closes on Wednesday, April 25, 2007.
April 2, 2007
AMERIGROUP Begins Health Plan Operations in Tennessee
AMERIGROUP Corporation’s (NYSE: AGP) Tennessee subsidiary has begun offering healthcare coverage to approximately 170,000 people enrolled in the State’s TennCare program, making Tennessee the 10th state in which AMERIGROUP operates publicly-funded healthcare programs for low-income Americans.
March 29, 2007
AMERIGROUP Health Plan Continues the Company's Successful Accreditation from NCQA
AMERIGROUP Community Care of the District of Columbia announced today that it has been accredited by the National Committee for Quality Assurance and awarded Commendable status, certifying that the health plan is offering high-quality services to its 40,000 members.
March 22, 2007
AMERIGROUP Prices $240 million in Convertible Senior Notes
AMERIGROUP Corporation (NYSE: AGP) announced today the pricing of $240 million in aggregate principal amount of its convertible senior notes due 2012. The notes are being sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (Securities Act).
March 22, 2007
AMERIGROUP Announces Offering of $200 million in Convertible Senior Notes
AMERIGROUP Corporation (NYSE: AGP) announced today its intention to offer to sell, subject to market and other conditions, $200 million in aggregate principal amount of its convertible senior notes due 2012. Subject to certain requirements, the notes will be convertible into cash and, if applicable, shares of AMERIGROUP's common stock, par value $0.01 per share. In certain circumstances, the notes will be settled in cash up to the principal amount of the notes and, if applicable, shares of common stock for any value in excess thereof.
March 21, 2007
AMERIGROUP Estimates Cost of Appeal Bond and Provides Related Update to 2007 Guidance
AMERIGROUP Corporation (NYSE: AGP) today announced its preliminary cost estimates associated with securing a supersedeas bond in connection with the appeal of its Illinois qui tam litigation. The Company currently expects the net impact on earnings associated with the financing for the supersedeas bond to be in the range of $0.02 to $0.06 per diluted share for the full-year 2007.
March 20, 2007
AMERIGROUP to Provide Estimate of Appeal Bond Costs
AMERIGROUP Corporation (NYSE: AGP) today announced that it will update investors on its preliminary cost estimates associated with securing a supersedeas bond for its Illinois qui tam litigation, as well as the related impact on the Company’s 2007 guidance. Management will host an investor call on Wednesday, March 21, at 4:30 p.m. Eastern Time.
March 13, 2007
AMERIGROUP to Begin Appeal In Illinois Decision
AMERIGROUP Corporation (NYSE: AGP) said today it intends to appeal the judgment in its qui tam litigation in the U.S. District Court for the Northern District of Illinois that totals approximately $334 million against the Company and its Illinois subsidiary.
Feb. 16, 2007
AMERIGROUP Statement on EVP Steven Larsen's Appointment By The Governor Of Maryland
In response to the announcement by Maryland Governor Martin O'Malley appointing AMERIGROUP Executive Vice President, Steven Larsen as chairman of the Maryland Public Service Commission, AMERIGROUP Chairman and CEO Jeffrey L. McWaters issued the following statement:
Feb. 14, 2007
AMERIGROUP Announces Fourth Quarter Earnings
AMERIGROUP Corporation (NYSE: AGP) today announced that its net income for the fourth quarter of 2006 was $29,944,000, or $0.56 per diluted share, compared with net income of $12,920,000, or $0.25 per diluted share, for the fourth quarter of 2005. Fourth quarter 2006 was favorably impacted by net prior period amounts of $13,752,000 pre-tax, or $0.16 per diluted share. Excluding the impact of the prior period amounts, fourth quarter net income would have been $21,431,000, or $0.40 per diluted share.
Feb. 1, 2007
AMERIGROUP Expands Service in Texas and Ohio For Medicaid's Aged, Blind or Disabled Population
AMERIGROUP Corporation (NYSE: AGP) today expanded its innovative healthcare program for low-income Americans with long-term illnesses or disabilities, bringing its AMERIPLUS program to San Antonio and Austin, Texas, and Cincinnati, Ohio.
Feb. 1, 2007
AMERIGROUP Names Roomsburg Chief Accounting Officer
AMERIGROUP Corporation (NYSE: AGP) today announced that Margaret M. Roomsburg, CPA, a long-time Company executive, has been appointed Chief Accounting Officer as part of a planned transition in finance.
Jan. 22, 2007
AMERIGROUP Offers Medicare Plan in Maryland Designed to Meet Health Needs of Older, Low-Income Citizens
AMERIGROUP Community Care of Maryland has won federal approval to offer a health plan that addresses the specialized needs of people enrolled in both Medicaid and Medicare. The plan began serving members on January 1, 2007.