Molina Healthcare to buy Magellan Complete Care for about $820 million [Reuters]
Molina Healthcare Inc (MOH)
Last molina healthcare inc earnings: 4/30 04:16 pm
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Source: Reuters
Molina Healthcare to buy Magellan Complete Care for about $820 million (Reuters) - Molina Healthcare Inc ( MOH.N ) would buy Magellan Complete Care, Magellan Health Inc's MGLN.N unit that provides managed-care health plans, for about $820 million, the healthcare insurer said reut.rs/2KNshrl on Thursday. Magellan shares were up 15.2%, while Molina was down 0.4% in aftermarket trading. With the addition of Magellan Complete Care, Molina will be able to serve more than 3.6 million members in government-sponsored healthcare programs across 18 states and will have 2020 pro-forma projected revenue of over $20 billion. The transaction adds Arizona, Massachusetts and Virginia to Molina’s Medicaid portfolio and is expected to close in the first quarter of 2021. The all-cash acquisition is expected to add about $3 billion in revenue by 2021, Molina said. Separately, Molina’s first-quarter revenue rose 10% to $4.5 billion and the company reaffirmed its full-year 2020 earnings per share forecas
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MOH
Earnings
- 10/23/24 - Beat
MOH
Sec Filings
- 11/19/24 - Form 4
- 11/18/24 - Form 8-K
- 11/14/24 - Form SC
- MOH's page on the SEC website