Molina Healthcare to Acquire Certain Assets of AgeWell New York
Molina Healthcare Inc (MOH)
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Source: Business Wire
Deal Grows Molina’s Medicaid Managed Long Term Care Presence in New York, Maintains Continuity of Care for Members and Stability for State Partners LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) today announced that it has entered into an agreement to acquire the Medicaid Managed Long Term Care business of AgeWell New York. The purchase price for the transaction is approximately $110 million, net of certain tax benefits and Molina’s target allocation of required regulatory capital.AgeWell is a specialty managed care organization that provides long-term care services at home or in the community for those who are chronically ill or disabled in The Bronx, New York (Manhattan), Queens, Kings (Brooklyn), Nassau, Westchester, and Suffolk counties. As of August 31, 2021, AgeWell served approximately 13,000 managed long-term services and supports (“MLTSS”) members, with full-year 2020 premium revenue of approximately $700 million.“The addition of AgeWel
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News
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- Molina Healthcare Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
MOH
Earnings
- 4/24/24 - Beat
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Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/11/24 - Form 8-K
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