Former Maryland Insurance Commissioner Will Head AMERIGROUP’s Mid-Atlantic Health Plans

BALTIMORE, June 15 /PRNewswire-FirstCall/ -- Steven B. Larsen, a former Maryland insurance commissioner, has been named chief executive officer for AMERIGROUP Corporation’s health plans in Maryland and the District of Columbia, effective June 21, 2004.

Larsen served as Maryland’s insurance commissioner from June 1997 until May 2003. Most recently he has been a partner in the Baltimore law firm of Saul Ewing LLP. He represented healthcare and insurance clients before regulatory and legislative bodies as vice chair of the firm’s insurance practice group. Larsen replaces Don Gilmore, who was promoted to lead AMERIGROUP’s Florida operations.

“Steve’s record as a consumer-focused insurance commissioner and his effective legislative and regulatory background are ideal attributes for our company’s growing presence in the Mid-Atlantic region,” said AMERIGROUP chairman and chief executive officer Jeffrey L. McWaters. “We are pleased to have him join us in our continuing quest to make healthcare accessible to those who need it most.”

“AMERIGROUP’s successful vision, high ethical standards and leadership in managing our toughest healthcare challenges have been impressive,” Larsen commented. “I believe AMERIGROUP is truly showing the way to workable and accountable healthcare for all Americans, and I am excited to be joining them in meeting this great challenge of our generation.”

Larsen will lead AMERIGROUP’s Mid-Atlantic health plans, which include Maryland, where the company serves 124,000 members, and the District of Columbia, with 37,000 members.

AMERIGROUP Maryland, Inc., a Managed Care Organization, is a wholly owned subsidiary of AMERIGROUP Corporation, one of the largest managed healthcare companies in the nation providing healthcare coverage exclusively to people who qualify for Medicaid, State Children’s Health Insurance Program (SCHIP), and FamilyCare. In addition to Maryland and the District of Columbia, AMERIGROUP operates in Texas, New Jersey, Illinois and Florida. For more information about AMERIGROUP Corporation, please visit the company’s web site at http://www.amerigroupcorp.com/.

CONTACT: Doug Blue of AMERIGROUP Corporation, +1-757-473-2737, ext. 32811, or dblue2@amerigroupcorp.com.

AMERIGROUP Corporation

CONTACT: Doug Blue of AMERIGROUP Corporation, +1-757-473-2737,ext. 32811, or dblue2@amerigroupcorp.com

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