Molina Healthcare - M&A Summary and Business Overview

InsuranceCompany

Molina Healthcare M&A Summary

Molina Healthcare has acquired 12 companies, including 8 in the last 5 years. It has also divested 1 asset.

Molina Healthcare’s largest acquisition to date was in 2023, when it acquired Brand New Day and Central Health Plan of California for $435M. Molina Healthcare has acquired in 8 different US states. The Company’s most targeted sectors include healthcare services (67%) and insurance (25%).

Molina Healthcare Business Overview

Where is Molina Healthcare headquartered?

Molina Healthcare is headquartered in Long Beach, California.

What is Molina Healthcare’s revenue?

Molina Healthcare disclosed revenue of 31,974M USD for 2022 and 27,771M USD for 2021.

How many employees does Molina Healthcare have?

Molina Healthcare has 14,000 employees.

What sector is Molina Healthcare in?

Molina Healthcare is an insurance company.

When was Molina Healthcare founded?

Molina Healthcare was founded in 1980.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity12
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 3

Molina Healthcare

Molina Healthcare, Inc.

200 Oceangate, Suite 100,
Long Beach, California 90802
United States,
(562) 435-3666
www.molinahealthcare.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 5 3 2 1 1 - 12
vol $216M $430M $170M $150M $435M $1.4B
Sell (0.0/yr) # 1 - - - - - 1
  13

Most Recent M&A

Company Date Value Type
Brand New Day and Central Health Plan of California 2023-06-30 435M USD Divestiture
, California
My Choice Wisconsin, Inc. 2022-07-13 150M USD Add-on Acquisition
Wauwatosa, Wisconsin · www.mychoicewi.org
AgeWell - Medicaid Managed Long Term Care Business 2021-10-07 110M USD Divestiture
Lake Success, New York
Cigna Corp. - Texas Medicaid & Medicare-Medicaid Plan (MMP) Contracts 2021-04-22 60M USD Divestiture
, Texas
Affinity Health Plan 2020-09-29 380M USD Add-on Acquisition
Bronx, New York · www.affinityplan.org
Passport Health Plan - Certain Assets 2020-07-17 - Divestiture
, Kentucky
NextLevel Health Partners, Inc. 2020-01-06 50M USD Add-on Acquisition
Chicago, Illinois · www.nextlevelhealthil.com
YourCare Health Plan, Inc. 2019-10-16 40M USD Add-on Acquisition
Rochester, New York · www.yourcarehealthplan.com
Pathways Health and Community Support LLC 2018-10-22 - Divestiture
Fredericksburg, Virginia · www.pathways.com
Universal American Corp. - Total Care Medicaid Plan 2016-04-19 41M USD Divestiture
New York, New York
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Molina Healthcare of Florida, Inc.    - Integral Health Plan - Medicaid Business 2015-08-03 2
Miami, Florida , United States
Molina Healthcare of Florida, Inc.    - Preferred Medical Plan - Medicaid business 2015-07-14 1
Miami, Florida , United States
Molina Healthcare of Michigan, Inc.    - HealthPlus Partners -Medicaid 2015-05-15 1
Troy, Michigan · www.molinahealthcare.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 8 (67%) 846M (60%) 1 (100%) -
Insurance 3 (25%) 420M (30%) - -
Business Services 1 (8%) 135M (10%) - -
Total 12 $1.4B 1 -

By Geo

State/Country Buy Value Sell Value
United States 12 1.4B 1 -
  New York 4 571M - -
  California 2 435M - -
  Wisconsin 1 150M - -
  Vermont 1 - - -
  Texas 1 60M - -
  Kentucky 1 - - -
  Illinois 1 50M - -
  Virginia - - 1 -
Total 12 $1.4B 1 -

Top M&A Advisors

Financial Deals
UBS Investment Bank
 2
Centerview Partners
 1
Legal Deals
Sheppard Mullin Richter & Hampton LLP
 3

Deal Values

buy # Total
$100M to $1B 5 $1.2B
< $100M 4 $191M
TOTAL $1.4B
Largest Brand New Day and Central Health Plan of California
$435M (2023-06-30)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
8 (67%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Insurance

Revenue

31,974   16% 2022
27,771   43% 2021
19,423   16% 2020
16,829   11% 2019
18,890   5% 2018
19,883   2017
(millions of USD) Show More Show Less

Employees

14,000

Established

1980

Public

NYSE: MOH

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