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August 8, 2014
17:25 EDTMOHMolina Healthcare subsidiary acquires First Coast Florida Medicaid assets
Molina Healthcare announced that its wholly owned subsidiary Molina Healthcare of Florida has entered into a definitive agreement with First Coast Advantage to acquire certain assets related to First Coast Advantage’s Medicaid business. As a part of the transaction, Molina Healthcare of Florida will assume First Coast Advantage’s Medicaid contract and certain provider agreements for Region 4 of the Statewide Medicaid Managed Care Managed Medical Assistance Program in the State of Florida. The closing of the transaction is subject to the satisfaction of customary closing conditions, including obtaining approval for the transaction from the Florida Agency for Health Care Administration.
News For MOH From The Last 14 Days
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October 13, 2015
12:54 EDTMOHMolina, Aetna among recommended health plans for Michigan Medicaid
The Michigan Department of Health and Human Services announced the Medicaid Health Plans recommended for the state's Comprehensive Health Plan contract. The Comprehensive Health Plan contract provides health care services to approximately 1.7M Medicaid managed care beneficiaries. Among the recommended healthcare providers are Molina Healthcare (MOH), UnitedHealth (UNH), Aetna (AET). Shares of Molina are up 3% to $69.29 in afternoon trading. Leerink last week said the company, as one of the 12 incumbents, was unlikely to lose the Michigan contract. Reference Link
October 12, 2015
17:42 EDTMOHAs health insurers consolidate, hospitals consider in-house plans, Reuters says
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October 9, 2015
07:01 EDTMOHMolina Healthcare to buy Loyola Physician's Medicaid program in Cook County
Molina Healthcare and Loyola Physician Partners jointly announced that Molina Healthcare of Illinois, Inc., a wholly owned subsidiary of Molina Healthcare, Inc., has entered into a definitive agreement to acquire certain assets relating to Loyola Physician Partners' Medicaid business in the State of Illinois. As a part of the transaction, Molina Healthcare of Illinois will receive the right to transition Loyola's Medicaid members in Cook County and assume certain assets related to the operation of the Medicaid business. Molina Healthcare of Illinois will fund the transaction with available cash on hand. Subject to regulatory approvals and the satisfaction of other conditions, the closing of the transaction is expected to occur in the first quarter of 2016.
October 8, 2015
08:24 EDTMOHMolina Healthcare unlikely to lose Michigan contract, says Leerink
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