Molina Healthcare, Inc.NYSE
Sep. 3, 2015, 10:37 AM
- Molina Healthcare (MOH +0.8%) acquires Providence Human Services, LLC (PHA) and Providence Community Services, LLC (PCS), both subsidiaries of The Providence Service Corp. for $200M in cash. The deal should close in Q4.
- PHS, operating in 23 states, is one of the largest providers of outcome-based behavioral and mental health services, generating ~$346M in revenue in 2014.
Aug. 3, 2015, 10:40 AM| Aug. 3, 2015, 10:40 AM
May 29, 2015, 6:35 PM
- A sale of Humana (NYSE:HUM) could be the "first domino in overdue managed care M&A,” Leerink Partners analyst Ana Gupte says, believing a deal or even talk of a deal will force health insurers, both large and small, to consider their M&A options.
- Gupte expects the next year will see multiple strategic actions among the major players, and she remains bullish on the sector broadly for both fundamental reasons and the benefits to shareholders from such consolidation.
- The industry eventually will narrow to a "Big 3" from its current “Big 5" as big insurers target midsized firms, Gupte says, citing WellCare Health Plans (NYSE:WCG), Centene (NYSE:CNC), Health Net (NYSE:HNT) and Molina Healthcare (NYSE:MOH) as the most attractive takeout targets.
- Earlier: Humana spikes 20% after WSJ report says it wants to sell itself
Dec. 1, 2014, 8:18 AM
- Molina Healthcare (NYSE:MOH) subsidiary Molina Healthcare of Florida acquires the Florida Medicaid business of First Coast Advantage, LLC. As a result, First Coast's current 63,000 Medicaid members will transition into Molina Healthcare of Florida as part of the Managed Medical Assistance component of the Statewide Medicaid Managed Care program.
- Financial terms of the deal are not disclosed.
Jul. 29, 2013, 12:18 PM
- Molina Healthcare (MOH -2.1%) has acquired certain assets of Community Health Solutions of America relating to its South Carolina Solutions business.
- Under the agreement, Community Health Solutions agrees to transfer its Medical Homes Network membership, with the exception of those members enrolled in the Medically Complex Children's Waiver component of the program.