Molina Healthcare Acquires Affinity Health Plan

Molina Healthcare Acquires Cigna's Texas Medicaid Contracts

January 1, 2022

Healthcare Services

Molina Healthcare closed the acquisition of Cigna's Texas Medicaid contracts on January 1, 2022, adding approximately 50,000 members. The transaction (originally announced in April 2021) was reported to be valued at roughly $60 million and expands Molina's Medicaid footprint in Texas.

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.

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.

Alliance for Multispecialty Research (AMR) Acquires Affinity Health

December 15, 2023

Healthcare Services

Alliance for Multispecialty Research (AMR) has acquired Affinity Health, a clinical research services provider founded in 2015. The deal adds Affinity's sites and eight principal investigators to AMR's network, expanding AMR's geographic footprint (including Chicago and Nashville) and strengthening its clinical trial capabilities and patient diversity.

Ambac Financial Group Acquires 80% of Xchange (Xchange Benefits & Xchange Affinity Underwriting)

December 24, 2020

Insurance

Ambac Financial Group agreed to acquire 80% of the membership interests in Xchange Benefits, LLC and Xchange Affinity Underwriting Agency, LLC, with Xchange management principals retaining the remaining 20%. The acquisition is part of Ambac's strategy to diversify into specialty program insurance and expand its MGA/MGU capabilities to generate recurring fee-based income and accelerate Xchange's geographic and product growth plans.

MultiPlan Corporation Acquires Discovery Health Partners

January 21, 2021

Healthcare Services

MultiPlan Corporation agreed to acquire Discovery Health Partners for about $155 million plus transaction costs. The acquisition expands MultiPlan’s payment integrity capabilities by adding Discovery’s revenue integrity service line, deepening its penetration in the government market and extending its suite of analytics-driven cost-management solutions for health payors.