Company to Serve About 50,000 People Beginning February 1, 2009
VIRGINIA BEACH, Va., Nov. 12, 2008 /PRNewswire-FirstCall/ -- AMERIGROUP Corporation (NYSE: AGP) announced today that the State of Nevada has given final approval to a contract authorizing the Company's Nevada subsidiary to enter that State's Medicaid and State Children's Health Insurance (SCHIP) programs beginning February 1, 2009.
The Nevada State Board of Examiners has approved a contract enabling AMERIGROUP Nevada Inc. to offer healthcare services to about 50,000 financially vulnerable Nevadans in Clark and Washoe counties. The State announced its intention to contract with AMERIGROUP's Nevada health plan in September, but the Board of Examiners must approve all major State contracts. The Board consists of the Governor, the Attorney General and the Secretary of State.
AMERIGROUP expects its Nevada health plan to be slightly accretive to diluted earnings per share in 2009.
About 100,000 people in Clark and Washoe counties receive their healthcare through the Medicaid and SCHIP programs. The State contracts with two private care management organizations to bring healthcare services to eligible residents. AMERIGROUP Nevada will serve about half the people enrolled in those programs.
About AMERIGROUP Corporation
AMERIGROUP Corporation, headquartered in Virginia Beach, Virginia,
improves healthcare access and quality for the financially vulnerable,
seniors and people with disabilities by developing innovative managed
health services for the public sector. Through its subsidiaries, AMERIGROUP
Corporation serves approximately 1.7 million people in Florida, Georgia,
Maryland, New Jersey, New Mexico, New York, Ohio, South Carolina,
|SOURCE AMERIGROUP Corporation|
Copyright©2008 PR Newswire.
All rights reserved