Molina Healthcare surpassed analyst earnings expectations for the first quarter and detailed a mergers and acquisition environment that may lead to deals in the future. CEO Joe Zubretsky said the insurer is “actively engaged” in seeking out more acquisitions, like its purchase of ConnectiCare, a Connecticut-based health plan from EmblemHealth, last year. “On the M&A front, the pipeline is still replete with opportunities,” he said. “Some of these smaller, single-state, single-geography companies are struggling. So no, I would say it’s not casting a pall over M&A activity. In fact, it might even be increasing some of the flow as some of these single-state operators have seen how difficult it is to run a business.”
Read the full article: Molina Healthcare Sees Opportunities for More Acquisitions //
Source: https://www.fiercehealthcare.com/payers/molina-healthcare-sees-opportunities-more-acquisitions