It has a 35 year history of supporting Medicaid managed care populations and has long demonstrated a deep commitment to the communities it serves. Molina intends to fund the purchase with cash on hand.Īffinity is a Medicaid managed care organization serving members in New York City, Westchester, Orange, Nassau, Suffolk, and Rockland counties in New York. The purchase price for the transaction is approximately $380 million, net of expected tax benefits and inclusive of an amount representing Molina’s target allocation of required regulatory capital. (NYSE: MOH) (“Molina”) announced today that it has entered into a definitive agreement to acquire substantially all of the assets of Affinity Health Plan (“Affinity”). Maintains Stability for New York State Partner Immediately Accretive to Adjusted Earnings Per Share Represents Excellent Fit with Existing Portfolio
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