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Molina Healthcare Acquires Affinity Health Plan for $380M

by Jasmine Pennic 10/01/2020 Leave a Comment

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Molina Healthcare Acquires Affinity Health Plan for $380M

What You Should Know: 

– Molina Healthcare acquires New York-based Medicaid managed care organization Affinity Health Plan for $330M in cash serving members in New York City, Westchester, Orange, Nassau, Suffolk, and Rockland counties. 

– As of August 31, 2020, Affinity served approximately 284,000 Medicaid members. Affinity’s premium revenue for the trailing twelve months ended July 31, 2020, was approximately $1.3 billion.

– The net purchase price of approximately $380 million represents less than 30% of premium revenues for the twelve months ended July 31, 2020

– Through its locally operated health plans, Molina Healthcare served approximately 3.6 million members. 

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Tagged With: medicaid, Value-Based Care

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