Molina Healthcare Announces the Closing of its Acquisition of ConnectiCare
Molina Healthcare (NYSE: MOH) has successfully completed its acquisition of ConnectiCare Holding Company, effective February 1, 2025. The acquisition brings ConnectiCare's approximately 140,000 members across Marketplace, Medicare, and certain commercial products under Molina's umbrella.
Molina Healthcare (NYSE: MOH) ha completato con successo l'acquisizione di ConnectiCare Holding Company, con effetto dal 1 febbraio 2025. L'acquisizione porta sotto l'ala di Molina circa 140.000 membri di ConnectiCare attraverso Marketplace, Medicare e alcuni prodotti commerciali.
Molina Healthcare (NYSE: MOH) ha completado con éxito la adquisición de ConnectiCare Holding Company, efectiva a partir del 1 de febrero de 2025. La adquisición integra aproximadamente 140,000 miembros de ConnectiCare en el ámbito de Marketplace, Medicare y ciertos productos comerciales bajo el paraguas de Molina.
몰리나 헬스케어 (NYSE: MOH)가 커넥티케어 홀딩 컴퍼니를 성공적으로 인수하였으며, 이는 2025년 2월 1일부터 발효됩니다. 이 인수로 인해 커넥티케어의 약 14만 명의 회원이 몰리나의 품 아래 포함됩니다.
Molina Healthcare (NYSE: MOH) a réussi à finaliser son acquisition de ConnectiCare Holding Company, effective à partir du 1er février 2025. L'acquisition regroupe environ 140 000 membres de ConnectiCare sous l'égide de Molina, couvrant Marketplace, Medicare et certains produits commerciaux.
Molina Healthcare (NYSE: MOH) hat erfolgreich die Übernahme von ConnectiCare Holding Company abgeschlossen, die am 1. Februar 2025 wirksam wird. Die Übernahme bringt etwa 140.000 Mitglieder von ConnectiCare in den Bereichen Marketplace, Medicare und bestimmten kommerziellen Produkten unter das Dach von Molina.
- Acquisition adds 140,000 new members to Molina's portfolio
- Expands presence in Medicare and Marketplace segments
- Strengthens market position in Connecticut
- None.
Insights
The completion of ConnectiCare's acquisition marks a significant strategic advancement for Molina Healthcare in the competitive northeastern healthcare market. The addition of 140,000 members across Marketplace, Medicare and commercial products substantially strengthens Molina's regional presence and diversifies its membership base.
This acquisition is particularly strategic as it provides Molina with an established footprint in Connecticut's insurance market, where ConnectiCare has built strong brand recognition and provider relationships over decades. The diverse membership portfolio - spanning Marketplace, Medicare and commercial segments - offers multiple growth vectors and risk diversification benefits.
From an operational perspective, the deal presents significant synergy potential through administrative cost optimization and enhanced negotiating power with healthcare providers. The integration of ConnectiCare's established provider networks and local market expertise could accelerate Molina's growth trajectory in the region.
The timing of this acquisition is opportune, considering the current healthcare landscape where scale and market presence are increasingly critical for competitive advantage. This move positions Molina more strongly against larger national insurers while potentially creating barriers to entry for new competitors in the Connecticut market.
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. For more information about Molina Healthcare, please visit MolinaHealthcare.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250203763077/en/
Investor Contact: Jeffrey Geyer, Jeffrey.Geyer@molinahealthcare.com, 305-317-3012
Media Contact: Caroline Zubieta, Caroline.Zubieta@molinahealthcare.com, 562-951-1588
Source: Molina Healthcare, Inc.
FAQ
How many members did ConnectiCare bring to Molina Healthcare (MOH) through the acquisition?
When did Molina Healthcare (MOH) complete the ConnectiCare acquisition?
What types of insurance products did ConnectiCare offer before the MOH acquisition?