Molina Healthcare (MOH) to Acquire ConnectiCare
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Molina Healthcare to Acquire ConnectiCare
July 23, 2024 9:00 AM EDTTransaction expands Molinas Government managed care presence into Connecticut and is expected to add $1.00 per share to new store embedded earnings1
LONG BEACH, Calif.--(BUSINESS WIRE)-- Molina Healthcare, Inc. (NYSE: MOH) (Molina or the Company) announced today that it has entered into a definitive agreement to acquire ConnectiCare Holding Company, Inc. (ConnectiCare), a wholly owned subsidiary of EmblemHealth, Inc. The purchase price for the transaction is $350 million, representing 25% of expected 2024 premium revenue of $1.4 billion.
ConnectiCare is a leading health plan in the state of Connecticut serving approximately 140,000 members across... More
