M&A Deal Summary |
|
|---|---|
| Date | 2024-07-23 |
| Target | ConnectiCare |
| Sector | Healthcare Services |
| Buyer(s) | Molina Healthcare |
| Sellers(s) | EmblemHealth |
| Deal Type | Divestiture |
| Deal Value | 350M USD |
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| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Insurance |
| Employees | 18,000 |
| Revenue | 34.1B USD (2023) |
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 | 13 of 13 |
| Sector (Healthcare Services) | 9 of 9 |
| Type (Divestiture) | 9 of 9 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 13 of 13 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 3 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-30 |
Brand New Day and Central Health Plan of California
California, United States Brand New Day and Central Health Plan of California offers health insurance plans to companies and consumers in the state of California. |
Buy | $435M |
EmblemHealth is a health insurer offering a full range of commercial and government-sponsored health plans to employers, individuals, and families. The family of companies covers the whole health journey, starting with affordable coverage through EmblemHealth, and ConnectiCare, a leading health plan in Connecticut. The family of companies also includes the AdvantageCare Physicians medical practice, the occupational health clinic EmblemHealth Health@Work, and WellSpark Health, a barrier-breaking digital wellness company. EmblemHealth is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
