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Amerigroup history
Amerigroup company history timeline
Then in September 1996 Americaid Texas got started in Fort Worth and by the end of the year had 21,000 members.
Launch of the First Operations in 1996
1997: The name is changed to AMERIGROUP Corporation.
Nevertheless, it was an impressive showing for a young company and, more important, just a taste of what was in store for 1999.
Tallied together, Amerigroup's membership reached 268,000 by the end of 1999, while premiums for the year grew to $392.3 million and net income increased to $11.3 million.
In the summer of 2001 new underwriters, Banc of America and UBS Warburg, stepped in, and in the first week of September an October date for the offering was set.
When the year came to a close in 2001, Amerigroup had built its overall membership to 472,000, of which 150,000 were the result of acquisitions.
To support its expansion, Amerigroup added a chief operating officer and fresh executive talent, which it showed off to Wall Street analysts in a 2004 meeting.
In 2006, Amerigroup entered the Medicare Advantage program, serving low-income people who are eligible for both Medicare and Medicaid through special needs plans.
On July 9, 2012, Anthem Inc. (then known as WellPoint) entered into an agreement to acquire Amerigroup Corporation for $4.9 billion.
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Amerigroup competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| WellCare Health Plans | 1985 | $20.4B | 14,000 | - |
| Centene | 1984 | $163.1B | 65,000 | 512 |
| UnitedHealth Group | 1977 | $400.3B | 300,000 | 8,173 |
| Coventry Health Care | 1986 | $14.1B | 14,400 | 1 |
| Elevance Health | 1944 | $121.9B | 63,900 | - |
| Genworth | 2004 | $8.4B | 3,000 | 26 |
| BlueCross BlueShield of Tennessee | 1945 | $6.0B | 5,373 | 32 |
| Primerica | 1977 | $602.0M | 2,104 | 70 |
| Ventas | 1998 | $4.9B | 500 | 18 |
| Ironshore Insurance | 2006 | $43.2B | 200 | - |
Amerigroup history FAQs
Zippia gives an in-depth look into the details of Amerigroup, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Amerigroup. The employee data is based on information from people who have self-reported their past or current employments at Amerigroup. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Amerigroup. The data presented on this page does not represent the view of Amerigroup and its employees or that of Zippia.
Amerigroup may also be known as or be related to AMERIGROUP CORP, Amerigroup, Amerigroup Corp and Amerigroup, Inc.