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Molina expands footprint in NY with asset purchase

Oct. 16, 2019 8:10 AM ETMolina Healthcare, Inc. (MOH) StockBy: Douglas W. House, SA News Editor
  • Molina Healthcare (NYSE:MOH) has agreed to acquire certain assets of Monroe Plan for Medical Care subsidiary YourCare Health Plan, Inc. for ~$40M in cash. The company will pick up 46K Medicaid members in seven counties in the Western New York and Finger Lakes regions as a result.
  • The transaction should close in Q1 2020.

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