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news.Amerigroup, a multi-state managed healthcare company in the US, has terminated its agreement to purchase certain assets of University Health Plan, a wholly owned subsidiary of Centene, related to its New Jersey Medicaid line of business.
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Amerigroup exercised its right of termination as a result of certain events that occurred following execution of the agreement.
Amerigroup said that this termination has no effect on its previously announced transaction to sell the assets of its South Carolina health plan to Centene. This transaction is subject to various closing conditions including regulatory approval.