Becker's Healthcare July 27, 2023
Molina Healthcare is expecting to add $1.8 billion in premium revenue from its acquisition of Bright Healthcare’s 125,000-member Medicare Advantage business.
In June, Molina said it would acquire Bright Healthcare’s California Medicare Advantage business for $600 million.
On a July 27 call with investors, Molina Healthcare CEO Joseph Zubretsky said the company expects to add $1 in earnings per share through the acquisition, but the purchase won’t add additional earnings in its first year.
Mr. Zubretsky said the company is not sure exactly when the acquisition will begin to deliver profits.
“We are...
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