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| AMERIGROUP Corporation |
| 4425 Corporation Lane, Virginia Beach, VA 23462 * (757) 490-6900 |
| Business Description | The Company is a multi-state managed healthcare company focused on providing healthcare services to people eligible to receive Medicaid and Children's Health Insurance Program, or CHIP, benefits. |
| Offering Information Company has | |||
| Trading As | AMGP (NASNTL) | Industry | Financial (SIC 6324) |
| Type of Stock Offered | Common Shares | Filing Date | 5/19/2000 |
| Domestic Shares Offered | 4,400,000 | Offer Date | 11/5/2001 |
| Foreign Shares Offered | 0 | Filing Range | $17.00 - $19.00 |
| Company Shares | 4,400,000 | Offer Price | $17.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.190 |
| Gross Proceeds | $74,800,000 | Selling | $0.680 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Banc of America Securities LLC | Lead Manager | (415) 627-2100 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Stephens Inc. | Co-manager | (501) 377-2130 |
| UBS Warburg LLC | Co-manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1995 | 12/31/1996 | 12/31/1997 | 12/31/1998 | 12/31/1999 | 3/31/1999 | 3/31/2000 |
| Revenues | 0.000 | 23.794 | 67.062 | 190.179 | 398.700 | 61.187 | 150.364 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | -3.988 | -10.877 | -8.850 | 3.456 | 11.316 | 0.948 | 8.239 |
| E.P.S | -5.650 | -14.330 | -14.140 | -2.530 | 0.330 | -0.820 | 0.250 |
| Revenue Growth (%) | - | 181.84 | 183.59 | 109.645 | 145.75 | ||
| Net Income Growth (%) | - | - | - | 227.43 | 769.09 | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | 1.82 | 2.84 | 5.48 | 1.55 |
| Cash Flow - Oper. | 95.15 | 2.60 | -9.52 | ||||
| Cash Flow - Inv. | -77.51 | -23.56 | -7.38 | ||||
| Cash Flow - Fin. | 2.90 | 4.67 | -0.32 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/2000 | Financial Ratios | ||||
| Total Assets | 213.93 | Current Assets | 170.06 | Current Ratio | 1.19 |
| Total Liab. | 222.52 | Current Liab. | 142.66 | Debt Ratio | 104.01% |
| Total Equity | -8.58 | Working Cap. | 27.40 | Debt to Equity Ratio | - |
| Cash | 81.74 | Return on Assets | 3.85% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to redeem the Company's Series E mandatorily redeemable preferred stock, to repay our term loan facility, and for general corporate purposes, including potential acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Bank's Law Firm | Willkie Farr & Gallagher |
| Auditor | KPMG LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Prudential Insurance Company of America | 12.80 | |
| Sutter Entities | 10.50 | |
| Accel Entities | 8.90 | |
| Nassau Entities | 7.60 | |
| Note: represents ownership of 5% or more prior to the offering. | ||