M&A Deal Summary |
|
|---|---|
| Date | 2023-06-30 |
| Target | Brand New Day and Central Health Plan of California |
| Sector | Healthcare Services |
| Buyer(s) | Molina Healthcare |
| Sellers(s) | Bright Health Group |
| Deal Type | Divestiture |
| Deal Value | 435M USD |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Insurance |
| Employees | 14,000 |
| Revenue | 32.0B USD (2022) |
Molina Healthcare is a provider of managed health care services under the Medicaid and Medicare programs and through the state insurance marketplaces. Molina Healthcare operates through two segments that include Health Plans and Molina Medicaid Solutions. Molina's Health Plans segment consists of operational health plans. Molina's Medicaid Solutions segment provides design, development, implementation, and business process outsourcing solutions to state governments for their Medicaid management information systems. Molina Healthcare was established in 1980 and is based in Long Beach, California.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 12 |
| Sector (Healthcare Services) | 8 of 8 |
| Type (Divestiture) | 8 of 8 |
| State (California) | 2 of 2 |
| Country (United States) | 12 of 12 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-13 |
My Choice Wisconsin
Wauwatosa, Wisconsin, United States My Choice Wisconsin is a Medicaid-managed care organization. My Choice Wisconsin was founded in 2000 and is based in Wauwatosa, Wisconsin. |
Buy | $150M |
| Category | Company |
|---|---|
| Sector | Healthcare Services |
Bright Health Group is a healthcare platform that offers diversified health products and managed care services to over 500,000 consumers in 14 states and more than 50 markets. Bright Health Group provides consumers access to personalized care teams tailored to their individual needs. Bright Health Group delivers high-quality virtual and in-person clinical care to over 220,000 patients through our approximately 40 managed and affiliated advanced risk-bearing primary care clinics. Bright Health Group gives providers the tools they need to optimize their practices and deliver value-based care to the patients they serve. Bright Health Group is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Healthcare Services) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (California) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-24 |
Zipnosis
Minneapolis, Minnesota, United States Zipnosis is a design technology healthcare company enabling traditional care models with an adaptive telemedicine solution that reduces costs, improves outcomes, and creates happier patients. Zipnosis evolves healthcare ecosystems and focused on innovation that improves the human experience for patients, providers, and healthcare organizations. Zipnosis was founded in 2008 and is based in Minneapolis, Minnesota. |
Sell | - |
