Amerigroup Managed Care IPO Announces Net Proceeds from Public Offering

November 19, 2001 Amerigroup Managed Care IPO Announces Net Proceeds from Public Offering Amerigroup Corporation, a managed Medicaid plan, began trading on the Nasdag exchange, under the symbol AMGP, on November 6, 2001. The initial public offering of 4.4 million shares was priced at $17 per share. The net proceeds of the offering were approximately $68.7 million. In other Amerigroup news, the firm said in November 2001 that its Texas subsidiary has agreed to acquire MethodistCare's Houston area Medicaid HMO product. Amerigroup already has about 200,000 enrollees in Texas medicaid or SCHIP programs. For more information . . .