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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
WellPoint Acquires Amerigroup

The purchase comes after several recent insurance M&A deals

Health benefits company WellPoint Inc. (NYSE: WLP) has completed its purchase of Amerigroup Corp., a health insurance company.

Amerigroup manages publicly-funded health programs.

Indianapolis-based WellPoint expects the deal to help it serve the Medicaid population more effectively. With the acquisition, the buyer now served 4.5 million state-sponsored healthcare beneficiaries, bringing to the company’s medical enrollment to about 36 million members.

The deals comes during a busy time in insurance M&A. In December, Markel Corp. (NYSE: MKL) agreed to acquire Alterra Capital Holdings Ltd. (Nasdaq: ALTE, BSX: ALTE.BH) for $3.13 billion and Delaware Life Holdings bought Sun Life Financial’s (TSX: SLF, NYSE: SLF) annuity and life insurance business. Terms of the deal were not disclosed.

 

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