Molina Healthcare Amends Terms for Acquisition of Bright HealthCare’s California Medicare Business

Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”) announces that on December 13, 2023, the Company amended its purchase agreement for the acquisition of Bright HealthCare’s California Medicare business. The purchase price for the transaction, net of certain tax benefits, is reduced from the previously announced $510 million to approximately $425 million, and now represents 23% of expected 2023 premium revenue of $1.8 billion.

Read the full article: Molina Healthcare Amends Terms for Acquisition of Bright HealthCare’s California Medicare Business //

Source: https://www.businesswire.com/news/home/20231218889598/en/Molina-Healthcare-Amends-Terms-for-Acquisition-of-Bright-HealthCare%E2%80%99s-California-Medicare-Business

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