Hampton Roads, Virginia and the Nation

Summary


Amerigroup planning to raise $450 million

Amerigroup Corp., the Virginia Beach-based health insurer, said Tuesday it plans to raise $450 million from a public offering of senior unsecured notes and may use part of the proceeds for expansion. The new notes, to be offered through investment banking firm Goldman, Sachs & Co., will be due in 2019. A portion of the proceeds, Amerigroup said, will be used to repay notes that mature in May 2012.

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Hampton Roads, Virginia and the Nation

Amerigroup said it also may use proceeds to meet capital requirements related to its acquisition of a major Medicaid managed- care provider in New York. Amerigroup s...

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