trending Market Intelligence /marketintelligence/en/news-insights/trending/VkAxsuClujLnqEg0PXyxFg2 content esgSubNav
In This List

Molina Healthcare acquiring nonprofit health plan's assets for $40M

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Molina Healthcare acquiring nonprofit health plan's assets for $40M

Molina Healthcare Inc. has agreed to acquire certain assets of YourCare Health Plan Inc., a not-for-profit subsidiary of Monroe Plan for Medical Care, for approximately $40 million.

YourCare's estimated premium revenue for 2019 is about $285 million.

As a part of the transaction, Molina will assume the right to serve approximately 46,000 Medicaid members in seven counties in the Western New York and Finger Lakes regions. Monroe and its affiliate, MP CareSolutions, will continue to provide certain management and administrative services related to member care and provider relations.

The purchase price will be funded through available cash. The transaction is expected to close in early 2020, subject to regulatory approvals and other customary conditions.