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Stock impact report

Molina Healthcare to Acquire Magellan Complete Care

Molina Healthcare Inc (MOH) 
Last molina healthcare inc earnings: 4/30 04:16 pm Check Earnings Report
Company Research Source: Business Wire
Adds Strategically and Financially Attractive Assets to PortfolioEnters Three New States, Arizona, Massachusetts, and Virginia, and Expands into New York CityMaintains Continuity of Care for Magellan Complete Care Members and Stability for State Partners LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) announced today that it has entered into a definitive agreement to acquire the Magellan Complete Care (“MCC”) line of business of Magellan Health, Inc. The purchase price for the transaction is approximately $820 million, net of certain tax benefits. Molina intends to fund the purchase with cash on hand.Magellan Complete Care is a managed care organization serving members in six states including Arizona and statewide in Virginia. Through its Senior Whole Health branded plans, MCC provides fully integrated plans for Medicaid and Medicare dual beneficiaries in Massachusetts, as well as Managed Long Term Care (“MLTC”, commonly known nationally as “MLTS Show less Read more
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