Amerigroup acquires Health Plus

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Virginia Beach-based Amerigroup Corp. closed Tuesday on its acquisition of Health Plus, one of the largest Medicaid managed care companies in New York.

Health Plus serves more than 320,000 members. The health plan will operate as HealthPlus, an Amerigroup Company. The acquisition is expected to be neutral to Amerigroup earnings per share in 2012.

“The combined expertise of both health plans in coordinating care for low-income populations, seniors and people with disabilities will support the state in its effort to better manage many of the most vulnerable citizens of New York,” Pete Haytaian, Amerigroup CEO of the company’s North Region, said in a statement.

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