M&A Deal Summary |
|
|---|---|
| Date | 2020-07-17 |
| Target | Passport Health Plan - Certain Assets |
| Sector | Insurance |
| Buyer(s) | Molina Healthcare |
| Sellers(s) | Passport Health Plan |
| Deal Type | Divestiture |
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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 | 7 of 13 |
| Sector (Insurance) | 2 of 3 |
| Type (Divestiture) | 5 of 9 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 7 of 13 |
| Year (2020) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-06 |
NextLevel Health Partners
Chicago, Illinois, United States NextLevel Health Partners, Inc. is a Medicaid managed care organization. NextLevel Health Partners was founded in 2013 and is based in Chicago, Illinois. |
Buy | $50M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-29 |
Bronx Health Plan
Bronx, New York, United States Affinity Health Plan offers affordable, high-quality health care coverage to needy New Yorkers by working closely with community health centers and other primary care practices. |
Buy | $380M |
| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Insurance |
Passport Health Plan is a community-based health plan administering Medicaid benefits to more than 300,000 Kentuckians. Passport has been contracted with the Commonwealth of Kentucky to administer Medicaid benefits since 1997. Passport is a provider-driven plan, with co-ownership by the University of Louisville, Norton Healthcare, and other Kentucky-based provider groups in addition to its majority ownership by national population health and value-based care company, Evolent Health. Passport Health Plan was formed in 1997 and is based in Louisville, Kentucky.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2020) | 1 of 1 |
