Molina to Buy Bright Health's Medicare Business: HEALTH CARE: It's a stock deal valued at $510 million.

Long Beach- based managed care giant Molina Healthcare Inc. has agreed to buy the California Medicare business of Bright Health Group for $510 million. The stock-based transaction with Minneapolis- based Bright Health is intended to provide a complement to Molina's soon-to-be-expanded footprint for its Medicaid business in California, Molina said in its…