Healthcare DIVE February 4, 2025
The deal adds $1.4 billion in annual premiums to Molina’s topline.
Dive Brief:
- Molina has closed its $350 million acquisition of ConnectiCare, the health insurer announced Tuesday.
- The deal adds $1.4 billion in annual premiums to Molina’s topline and 140,000 additional Medicare, Affordable Care Act marketplace and commercial members to the insurer’s rolls.
- The acquisition, which was announced last summer, also brings Molina into the state of Connecticut for the first time. ConnectiCare was previously a subsidiary of New York-based nonprofit health plan EmblemHealth.
Dive Insight:
Recently, Molina has focused on growing its ACA and Medicare footprints in the 18 states where it already offers Medicaid coverage — the insurer’s bread and butter — as that allows Molina...
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