Molina Agrees To Buy Magellan Complete Care For $820 Million
Molina Healthcare Inc. (MOH) announced that it has inked a deal to acquire Magellan Complete Care, a part of Magellan Health Inc. (MGLN). The deal has been valued at $820 million and is expected to close in the first quarter of 2021. Magellan Complete Care serves nearly 155,000 members in government-sponsored healthcare programs such as Medicare and Medicaid in six states including Arizona and New York.
Molina recently nixed its $50 million acquisition deal with NextLevel Health Partners Inc. The company stated that