August 2nd, 2016 | By: Business Wire
Molina Healthcare, Inc today announced that it has entered into definitive agreements to acquire certain Medicare Advantage assets from both Aetna Inc. and Humana Inc. There transactions are related to Aetna’s proposed acquisition of Humana. Molina’s acquisition of such Medicare Advantage assets is subject to CMS approvals and actions, customary closing conditions including state and other regulatory approvals, as well as the resolution, in a manner permitting the acquisition, of the pending litigation brought by the United States Department of Justice challenging Aetna’s proposed acquisition of Humana.
“We view this as an exceptional to significantly expand our health plan product portfolio in new and existing geographies, while maintaining out commitment to government-sponsored programs” said J. Mario Molina M.D., president and chief executive officer of Molina Healthcare, Inc. Read the full article here.