Molina Healthcare Announces the Closing of its Acquisition of Bright Healthcare’s California Medicare Business

LONG BEACH, Calif.--(BUSINESS WIRE)-- Molina Healthcare, Inc. (NYSE: MOH) today announced that its acquisition of Bright Healthcare’s California Medicare business closed effective as of January 1, 2024. At closing, Bright Healthcare’s California Medicare business served more than 109,000 members.

About Molina Healthcare

Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. Through its locally operated health plans, Molina Healthcare served approximately 5.2 million members as of September 30, 2023. For more information about Molina Healthcare, please visit molinahealthcare.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240102797676/en/

Investor Contact: Joseph Krocheski, Joseph.Krocheski@molinahealthcare.com, 562-549-4100

Media Contact: Caroline Zubieta, Caroline.Zubieta@molinahealthcare.com, 562-951-1588

Source: Molina Healthcare, Inc.

FAQ

What did Molina Healthcare, Inc. (NYSE: MOH) announce?

Molina Healthcare, Inc. (NYSE: MOH) announced the completion of the acquisition of Bright Healthcare's California Medicare business, which served over 109,000 members.

When did the acquisition of Bright Healthcare's California Medicare business close?

The acquisition closed effective as of January 1, 2024.

How many members did Bright Healthcare's California Medicare business serve at the time of closing?

At closing, Bright Healthcare's California Medicare business served more than 109,000 members.