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Justice Department OKs WellPoint’s $4.9 billion acquisition of Amerigroup
Modern Healthcare

The Justice Department gave the go-ahead to WellPoint’s $4.9 billion agreement to buy Amerigroup Corp. as a result of Amerigroup’s deal to sell its Virginia subsidiary to Inova Health System Foundation, though a hearing in Washington state is delaying the closing of the WellPoint deal.

Amerigroup, a Virginia Beach, Va.-based managed-care provider for Medicare and Medicaid recipients, expects the Virginia deal to close Friday, while its deal with Indianapolis-based Blues insurer WellPoint can close after hearings are held on the issue by regulators in Washington state, according to an Amerigroup securities filing.