Molina Healthcare has announced the closing of its acquisition of ConnectiCare Holding Company as of February 1.
Molina, headquartered in Long Beach, California, announced the acquisition in July and said it expected to close during the first half of 2025. In July the purchase price was reported as $350 million, representing 25% of expected 2024 premium revenue of $1.4 billion. Molina said it intended to fund the purchase with cash on hand.
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