Navigation Links
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
Date:2/13/2008

pment recorded for the Company, in the quarter, was fully offset by the experience rebate expense items detailed above.

Balance Sheet and Cash Flow Highlights

Cash and investments at December 31, 2007 totaled $1.5 billion. Unregulated cash and investments were $557.8 million of which $206.4 million was unrestricted.

Medical claims payable totaled $541.2 million, representing 57 days of health benefits expense and compares to 55 days in the previous quarter.

Cash flow provided by operations totaled $97.0 million for the three months ended December 31, 2007, and $350.7 million for the full year, compared to $235.7 million in the prior year. Cash flow in the quarter was positively impacted by strong net income and growth in claims payable.

Stock Repurchase Program

The Board of Directors has approved a stock repurchase program, whereby the Company may repurchase up to one million shares of its common stock. "Implementing a stock repurchase program reflects the strength of AMERIGROUP's cash flow and balance sheet," said James W. Truess, Executive Vice President and Chief Financial Officer. "The primary purpose of this program will be to mitigate the dilution from option exercises and stock grants."

Stock repurchases may be made from time to time in the open market or in privately negotiated transactions and will be funded from unrestricted cash. The Company intends to adopt written plans pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934 to effect the repurchase of a portion of shares authorized. The number of shares to be repurchased and the timing of the repurchases will be based on the level of available cash, limitations imposed by the Company's credit agreement and other factors, including market conditions, the terms of any applicable 10b5-1 plans and self-imposed blackout periods. There can be no assurances as to the exact number or aggregate value of shares that will be repurchased. The repurchase progr
'/>"/>

SOURCE AMERIGROUP Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Related medicine news :

1. AMERIGROUP to Acquire Memphis Health Plan
2. AMERIGROUP Corporation to Host Investor Day
3. AMERIGROUP Names Mary McCluskey, MD, Chief Medical Officer
4. AMERIGROUP Contracts with Federal Government to Offer Medicare Advantage Health Plans in Seven States
5. AMERIGROUP Corporation to Discuss Third Quarter Earnings on October 25
6. AMERIGROUP to Participate in National Disability Mentoring Day
7. AMERIGROUP Corporation to Present at the 2007 Credit Suisse Healthcare Conference on November 13
8. AMERIGROUP Corporation to Present at the Merrill Lynch Health Services Investor Conference on November 27
9. AMERIGROUP Community Care Provides Doctors Office Makeover in Houston
10. AMERIGROUP Foundation Awards $100,000 to Grady Health System Foundation in Atlanta
11. AMERIGROUP Community Care of Georgia Wins New Health Plan Accreditation from NCQA
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2015)... (PRWEB) May 23, 2015 On Saturday, May ... a new playground for Branches Florida City exactly five years ... play space in 2010. , A large fire tore through ... on May 23, 2010 in the middle of the night ... fire was later declared arson even though it is suspected ...
(Date:5/23/2015)... 2015 With the implementation of the ... it increasingly difficult to provide their employees with a ... adequate insurance for employees stand to face strict penalties. ... integral part of a business’s success or failure. In ... Online USA Doctors has created a varying level of ...
(Date:5/23/2015)... AZ (PRWEB) May 23, 2015 Manufacturers are ... Seasonal Performance Factor (HSPF) of 8.2. Experts in the field ... ultimately benefit consumers. , The HSPF score is what miles ... the more efficient the unit. Although the minimum HSPF score ... water heaters with an HSPF score north of 12. Indeed, ...
(Date:5/23/2015)... Add High-Quality prismatic refractions into footage using ... It's as simple as dragging and dropping footage into the ... full effect. , Including over 80 stunning flares, ProFlare ... making this the ultimate bundle for adding prismatic refractions to ... package are movie files designed for Final Cut Pro X, ...
(Date:5/22/2015)... 22, 2015 Pioneer Millworks, the largest ... forefront of designing with reclaimed wood, introducing their latest ... Angeles, California. Their newest offerings, Vat 35, Reclaimed ... and color to America's largest design event. , “Designers, ... each show, anxious to see and feel the variety ...
Breaking Medicine News(10 mins):Health News:Five Years After Fire, Branches Rebuilds Playground 2Health News:Online USA Doctors Now Offers Cost-Saving Alternative Healthcare for Businesses 2Health News:Online USA Doctors Now Offers Cost-Saving Alternative Healthcare for Businesses 3Health News:Parker & Sons Welcomes the Department of Energy’s Water Heater Regulation 2Health News:Developers at Pixel Film Studios Release ProFlare 5K Prism for Final Cut Pro X. 2Health News:Pioneer Millworks to Reveal New Design Trends with Reclaimed Wood at Dwell on Design in LA 2Health News:Pioneer Millworks to Reveal New Design Trends with Reclaimed Wood at Dwell on Design in LA 3
... and PARSIPPANY, N.J., July 14 Healthfirst has,contracted ... free online service,for electronic claims submissions. This new ... providers to do business with the health plan,by ... exchange of,information, higher acceptance rates and quicker payment ...
... Disabled Veteran Owned Business Offers Premier Combat Lifesaver ... ... OCEANSIDE, Calif., July 14 In the summer of 2005, ... medical,bag to accommodate the requirements for the Combat Lifesaver program, ...
... July 14 CyberKnife Centers of Miami and Palm,Beach ... Tampa Bay by summer,s,end. MORSE LLC of Miami, a ... the three centers in maintaining the model,of community-based outpatient ... provide the CyberKnife technology to the broadest number of,patients ...
... playing level 83% of time, report shows , , MONDAY, July ... doctors reports that he,s performing more surgeries on sprained elbows ... children focusing on just one sport. , The findings suggest ... putting their arms at risk, said co-author Dr. E. Lyle ...
... Fitness Isn,t Just for PC Users Anymore, SAN ... brain health software, today announced the general availability,of the ... Classic. Over the past,year, the company has received thousands ... benefits of faster thinking, sharper focus, and better memory,and ...
... Second Quarter Sales Increase by 38% as ... -STAAR Surgical Announces New Consumer ... STAAR Surgical,Company (Nasdaq: STAA ) announced today ... lens implanted in the eye to correct,refractive errors, continues ...
Cached Medicine News:Health News:Healthfirst and MD On-Line Partner to Streamline Claims Processing 2Health News:Creator of Recon Moutaineer's Tactical Combat Casualty Care Bag Praises Combat Lifesavers 2Health News:Elbow Injuries on Rise Among Young Athletes 2Health News:Elbow Injuries on Rise Among Young Athletes 3Health News:Posit Science Corporation Releases the Brain Fitness Program Classic(TM) for Mac OS X 2Health News:Alternative to LASIK Increases Momentum with U.S. Consumers 2Health News:Alternative to LASIK Increases Momentum with U.S. Consumers 3Health News:Alternative to LASIK Increases Momentum with U.S. Consumers 4Health News:Alternative to LASIK Increases Momentum with U.S. Consumers 5
(Date:5/22/2015)...  China Nepstar Chain Drugstore Ltd. (NYSE: NPD ) ... in China based on the ... of Mr. Fuxiang Zhang as the Company,s ... Rebecca Yingnan Zhang has been appointed as ... effective immediately. Meanwhile, Ms. Zhang resigned from the position ...
(Date:5/21/2015)... , May 21, 2015  When ... along the side of his neck, he ... took a couple weeks off from weight ... go away.                               A ... 26, was referred to Michel Kliot, ...
(Date:5/21/2015)... , May 21, 2015 ... the addition of the "Market Assessment of ... report to their offering. ,     (Logo: http://photos.prnewswire.com/prnh/20130307/600769) ... the respiratory imaging diagnostics market in ... Europe . The service provides detailed analysis ...
Breaking Medicine Technology:China Nepstar Chain Drugstore Ltd. Announces Management Change and New Director Appointment 2China Nepstar Chain Drugstore Ltd. Announces Management Change and New Director Appointment 3Northwestern Medicine Surgeons Develop New Approach to Removing Nerve Tumors 2Northwestern Medicine Surgeons Develop New Approach to Removing Nerve Tumors 3Northwestern Medicine Surgeons Develop New Approach to Removing Nerve Tumors 4United States and Europe Respiratory Diagnostics Market Assessment 2015 2
... Editor Harvard Medical School , ,With human infections ... Eastern Europe, public health officials have moved swiftly to ... virus in question is the H5N1 subtype of influenza ... fowl in numerous countries. First in 1997 and ...
... School ,Contributing Editor , ,With over 200,000 ... cancer undoubtedly qualifies as one of Americas most ... early detection methods and more effective therapy have ... at the molecular level, where discoveries on protein ...
Cached Medicine Technology:Avian (Bird) Flu: Is There a Role for Rapid Tests? 2Avian (Bird) Flu: Is There a Role for Rapid Tests? 3Breast Cancer and HER-2/neu: Diagnostic Tools for Targeted Therapy 2Breast Cancer and HER-2/neu: Diagnostic Tools for Targeted Therapy 3
... P with Tobramycin is the ... formula, with the addition of ... the original formula, surgeons can ... of Simplex™ P Bone Cement, ...
... Sir John Charnley and CMW, Inc. ... develop bone cements exclusively for orthopaedic ... 40 years of performance and excellence ... offers one of the first proven ...
... 35 years, Palacos Bone Cement ... the gold standard in cemented ... introduction of,the Optivac system in ... provided thousands of physicians the ...
... device for ocular precision tonometry. ,The PASCAL ... digital, contact tonometer for ophthalmological applications. The ... intra-ocular pressure (IOP) and of ocular pulse ... a few seconds. It measures pulsatile IOP ...
Medicine Products: