M&A Deal Summary |
|
|---|---|
| Date | 2015-09-03 |
| Target | Providence Human Services |
| Sector | Healthcare Services |
| Buyer(s) | Molina Healthcare |
| Sellers(s) | ModivCare |
| 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 | 3 of 13 |
| Sector (Healthcare Services) | 2 of 9 |
| Type (Divestiture) | 3 of 9 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 3 of 13 |
| Year (2015) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-03 |
Providence Community Services
Cerritos, California, United States Providence Community Services LLC is a provider of healthcare services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-19 |
Universal American - Total Care Medicaid Plan
New York, New York, United States Total Care is a prepaid health services plan that provides health care coverage to approximately 39,000 members under the medicaid and child health plus programs in the three upstate new york counties of cortland, onondaga and tompkins. |
Buy | $41M |
| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Healthcare Services |
| Employees | 21,200 |
| Revenue | 2.8B USD (2023) |
ModivCare provides and manages government sponsored social services and non-emergency transportation services. Providence's counselors, social workers and behavioral health professionals work clients who are eligible for government assistance due to income level, emotional/educational disabilities or court order. The state and local government agencies that fund the social services Providence provides are required by law to provide counseling, case management, foster care and other support services to eligible individuals and families. Providence also manages and arranges for client transport to health care related facilities and services for state or regional Medicaid agencies, health maintenance organizations, or HMOs, and commercial insurers. ModivCare was formed in 1996 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Healthcare Services) | 2 of 3 |
| Type (Divestiture) | 2 of 3 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2015) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-03 |
Providence Community Services
Cerritos, California, United States Providence Community Services LLC is a provider of healthcare services. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-25 |
Matrix Medical Network
Scottsdale, Arizona, United States Matrix Medical Network is a provider of home-based medical assessments and has expanded its portfolio of services to include screening, chronic care management, physician engagement and analytics. Matrix Medical Network was founded in 2000 and is based in Scottsdale, Arizona. |
Sell | - |
