CT health plan with 140K members to be acquired by another insurer in $350 million deal
The parent of a health insurer with 140,000 members in
“The addition of ConnectiCare to Molina brings a well-rounded government-sponsored health care plan, and a new state, to our portfolio,” Molina’s president and chief executive
Zubretsky said the deal is a strong strategic fit for Molina, but indicated there could be changes coming as the health care company applies “the standard Molina playbook.”
Zubretsky is a former senior executive at
Molina is a relatively small company compared with industry giants such as
The transaction must receive federal, state and other approvals.
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