With the completion of this transaction, subsidiaries of Amerigroup acquired substantially all of the assets of Memphis Managed Care, including TLC Family Care Health Plan and MidSouth Health Solutions, an affiliated firm that offers disease management and case management services. Amerigroup does not expect this transaction to have a material impact on its 2007 earnings or to impact operations of its Middle Tennessee health plan.
The Amerigroup community care of Tennessee now serves an additional 167,000 Tennessee residents who are enrolled in the State’s TennCare program and who live in Memphis and the surrounding West Tennessee region.