Affinity Health Plan Has Been Acquired By Molina Healthcare

1 hours ago Bronx-based Affinity Health Plan has closed its sale to Molina Healthcare, Inc. (NYSE: MOH). A definitive agreement for Molina Healthcare, Inc. to acquire substantially all of the assets of Affinity was signed in September 2020 and closed in November 2021.

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Frequently Asked Questions

Is Molina Healthcare owned by affinity?

LONG BEACH, Calif. -- (BUSINESS WIRE)--Sep. 29, 2020-- Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) announced today that it has entered into a definitive agreement to acquire substantially all of the assets of Affinity Health Plan (“Affinity”).

What are Molina Healthcare’s largest acquisitions?

Molina Healthcare’s largest acquisition to date was in 2020, when it acquired Affinity Health Plan for $380M. Molina Healthcare has acquired in 7 different US states. The Company’s most targeted sectors include healthcare services (56%) and insurance (34%).

What kind of insurance is Molina Healthcare?

Molina Healthcare, Inc., a FORTUNE 500 company, provides managed health care services under the Medicaid and Medicare programs and through the state insurance marketplaces. Through its locally operated health plans, Molina Healthcare served approximately 3.6 million members as of June 30, 2020.

What are the risks associated with the Molina-affinity merger?

the risk that Molina is unable to successfully retain or integrate the employees and operations of Affinity; the risk that, following the closing of the proposed transaction, the combined company may not be able to effectively manage its expanded operations;

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