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: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


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.