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Molina Healthcare Announces the Closing of its Acquisition of AgeWell New York’s Managed Long Term Care Plan

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LONG BEACH, Calif.--(BUSINESS WIRE)-- Molina Healthcare, Inc. (NYSE: MOH) today announced that its acquisition of AgeWell New York’s Medicaid Managed Long Term Care (MLTC) business closed on October 1, 2022. As of September 30, 2022, AgeWell New York’s MLTC business served approximately 13,000 members.

About Molina Healthcare

Molina Healthcare, Inc., a FORTUNE 500 company (currently ranked 125), 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 5.1 million members as of June 30, 2022. For more information about Molina Healthcare, please visit molinahealthcare.com.

Investor Contact: Joseph Krocheski, Joseph.Krocheski@molinahealthcare.com, 562-951-8382

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

Source: Molina Healthcare, Inc.

Molina Healthcare, Inc.

NYSE:MOH

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About MOH

molina healthcare is a fortune 500 company that is focused exclusively on government-sponsored health care programs for families and individuals who qualify for government sponsored health care. molina healthcare contracts with state governments and serves as a health plan providing a wide range of quality health care services to families and individuals. molina healthcare offers health plans in california, florida, illinois, michigan, new mexico, ohio, south carolina, texas, utah, washington, wisconsin and puerto rico. molina also offers a medicare product and has been selected in several states to participate in duals demonstration projects to manage the care for those eligible for both medicaid and medicare. molina healthcare owns and operates primary care clinics in california, florida, new mexico, washington and virginia. our medical offices provide individuals who qualify for government sponsored programs with medical care including prenatal care, immunizations, and flu shots