Molina Healthcare announces acquisition of Magellan Complete Care

Molina Healthcare announced its plan to acquire Magellan Complete Care for $820M.

“Acquiring MCC expands our geographic footprint on our core businesses of managed Medicaid, dual eligibles, and long-term services and supports...We believe it will allow us to scale our enterprise-wide platforms and benefit from both operating and fixed cost leverage. The acquisition plays to our strengths where our demonstrated operating capabilities put us in a unique position to improve the business’s margins”

Joe Zubretsky, CEO of Molina

With their acquisition of Magellan Complete Care, Molina will be able to serve 3.6 million members of government-sponsored healthcare programs.