Amerigroup Corp. to sell Virginia operations
- October 1, 2012
Virginia Beach-based Amerigroup Corp. plans to sell its Virginia operations after antitrust questions from the Department of Justice arose on its pending sale to Wellpoint Inc.
Under the definitive agreement, Amergroup would sell its Virginia operations to Inova, a nonprofit health-care system based in Northern Virginia.
The sale is conditional on the closing of Amerigroup’s sale to Wellpoint, which also has operations in Virginia.
Both Amerigroup and WellPoint received requests for additional information from the U.S. Department of Justice on Wellpoint’s planned $4.6 billion acquisition of Amerigroup. The second request for information centered on Amerigroup’s Virginia operations.
Amerigroup said the sale of its Virginia operations will not affect terms related to its sale to Wellpoint, which is expected to close in the fourth quarter of 2012.