Molina Healthcare Acquires Cigna's Texas Medicaid Contracts

Molina Healthcare Acquires Affinity Health Plan

September 29, 2020

Healthcare Services

Molina Healthcare, Inc. agreed to acquire substantially all assets of Affinity Health Plan for approximately $380 million, funded with cash on hand. The acquisition expands Molina's Medicaid footprint and membership in New York (including New York City and surrounding counties) and is expected to be accretive to adjusted EPS subject to regulatory approvals.

Molina Healthcare Acquires My Choice Wisconsin

July 13, 2022

Healthcare Services

Molina Healthcare has entered a definitive agreement to acquire substantially all the assets of My Choice Wisconsin for approximately $150 million, net of expected tax benefits and required regulatory capital. My Choice Wisconsin is a Medicaid managed care organization serving over 44,000 MLTSS and core Medicaid members with roughly $1 billion in premium revenue for the 12 months ending March 31, 2022; Molina says the deal expands its MLTSS footprint and will be immediately accretive to adjusted EPS, subject to regulatory approvals.

Health Care Service Corporation Acquires Cigna's Medicare Businesses

March 19, 2025

Healthcare Services

Health Care Service Corporation (HCSC) completed the acquisition of The Cigna Group’s Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses. The divestiture streamlines Cigna’s portfolio and provides HCSC with expanded Medicare capabilities and geographic presence across the United States; Cigna intends to deploy proceeds largely for share repurchases.

Molina Healthcare Acquires AgeWell New York's MLTC Business

October 1, 2022

Healthcare Services

Molina Healthcare, Inc. has completed the acquisition of AgeWell New York's Medicaid Managed Long Term Care (MLTC) business, which served approximately 13,000 members as of September 30, 2022. The transaction transfers AgeWell New York's MLTC operations to Molina, expanding Molina's managed Medicaid/long-term care footprint in New York.

Health Care Service Corporation Acquires The Cigna Group's Medicare and CareAllies Businesses

March 19, 2025

Healthcare Services

Health Care Service Corporation (HCSC) completed the acquisition of The Cigna Group’s Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses. Cigna will continue to provide pharmacy benefit services through Evernorth under transition service agreements, and HCSC said the deal expands its Medicare capabilities and geographic presence across the United States.

Humana to Acquire Inclusa, Inc.

August 12, 2022

Healthcare Services

Humana Inc. will acquire substantially all of the assets of Inclusa, Inc., a Wisconsin-based Managed Care Organization that provides long-term care services through the state’s Family Care Medicaid program. The deal expands Humana’s Medicaid footprint and long-term care capabilities in Wisconsin; the transaction remains subject to customary state regulatory approvals and closing conditions.