Amerigroup Corporation

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Amerigroup Corporation - overview

Established

1994

Location

Virginia Beach, VA, US

Primary Industry

Healthcare

About

Amerigroup Corporation is a health insurance provider specializing in Medicaid and Medicare services, offering tailored health plans that ensure access to essential medical care for diverse populations across the United States. Founded in 1994 in Virginia Beach, US, Amerigroup Corporation provides health insurance solutions with a focus on Medicaid and Medicare services. The company was acquired by Anthem, Inc. in July 2012 for USD 4.


9 billion, enhancing its operational framework. The current CEOs are Gisela Pascoal and Tom Wilfong. Amerigroup provides comprehensive health insurance plans primarily focused on Medicaid and Medicare services. Its core offerings include Medicaid plans tailored for individuals and families who meet specific income and eligibility criteria, covering essential health services such as doctor visits, hospital stays, and preventive care.


Additionally, Amerigroup offers Medicare Advantage and Medicare Part D plans designed for individuals over 65 or those with qualifying disabilities, enhancing coverage options for its clients. The company's services are aimed at diverse populations, including pregnant women, children, adults, and individuals with disabilities. Amerigroup operates in select markets across the United States, specifically in Arizona, Washington D. C.


, Iowa, New Jersey, Tennessee, Texas, and Washington, ensuring access to health coverage for residents in these areas. Amerigroup generates revenue through transactions primarily structured around health insurance premiums paid by members enrolled in their Medicaid and Medicare plans. Clients typically make payments based on their selected coverage options, which can include monthly premiums for various plans. The company’s business model centers on direct-to-consumer interactions, where it provides services to individual members rather than through a retailer or wholesaler structure.


The pricing for these insurance plans is determined by factors such as age, health status, and the specific services included in each plan. Flagship services include their Medicaid and Medicare Advantage plans, catering to a wide array of healthcare needs for eligible individuals. Following the acquisition by Anthem, Inc. in July 2012 for USD 4.


9 billion, Amerigroup Corporation is focused on expanding its health insurance offerings and increasing access to services in additional markets. Plans for future growth include the development of new products aimed at enhancing service delivery and reaching underserved populations. The company aims to strategically enter new geographic regions to broaden its market presence and improve healthcare coverage for more individuals across the United States.


Current Investors

Peloton Equity

Primary Industry

Healthcare

Sub Industries

Insurance, Healthcare

Website

www.myamerigroup.com

Total Amount Raised

Subscriber access only

Amerigroup Corporation - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedAmerigroup Corporation-

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Amerigroup Corporation - employee data

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