Molina Healthcare (MOH) Tops Q1 EPS by 8c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Below Consensus
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Molina Healthcare (MOH) Reports Acquisition of Magellan Complete Care for Approx. $820M
April 30, 2020 4:28 PM EDTMolina Healthcare, Inc. (NYSE: MOH) (Molina) announced today that it has entered into a definitive agreement to acquire the Magellan Complete Care (MCC) line of business of Magellan Health, Inc. (NASDAQ: MGLN) The purchase price for the transaction is approximately $820 million, net of certain tax benefits. Molina intends to fund the purchase with cash on hand.
Magellan Complete Care is a managed care organization serving members in six states including Arizona and statewide in Virginia. Through its Senior Whole Health branded plans, MCC provides fully integrated plans for Medicaid... More
