Parent Company of Empire Blue Cross acquiring Amerigroup

I find it more than coincidnetal that, right after the Supreme Court upheld PPACA, Empire would take this pathway.  Having all but dropped out of small group coverage in NY, they are clearly searching for a more profitable, subsidized marketplace. – Reeve

 

Combination Leverages Both Companies’ Goals of Lowering Costs for Governments While Improving Care Quality for Program Beneficiaries

Earlier today, Empire’s parent company announced plans to acquire Amerigroup, one of the nation’s leading corporations focused on meeting the health care needs of financially vulnerable Americans. Upon completion, Empire’s parent company, with its affiliated health plans, will serve more than 4.5 million Medicaid members.

“Amerigroup’s clinical capabilities, strong management team and proven track record in working with state and federal governments and the provider community will enhance the organization’s ability to compete in the Dual Eligible and Medicaid markets, as well as strengthen our position as we prepare for exchanges. “