Molina Healthcare To Acquire ConnectiCare For $350M, Expanding Government Managed Care Presence Into Connecticut; Expected To Add $1.00 Per Share To Earnings, Transaction Represents 25% Of 2024 Premium Revenue
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Molina Healthcare is set to acquire ConnectiCare for $350 million, expanding its government managed care presence into Connecticut. The acquisition is expected to add $1.00 per share to earnings and represents 25% of 2024 premium revenue.
July 23, 2024 | 1:02 pm
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Molina Healthcare's acquisition of ConnectiCare for $350 million will expand its government managed care presence into Connecticut. The deal is expected to add $1.00 per share to earnings and represent 25% of 2024 premium revenue.
The acquisition of ConnectiCare by Molina Healthcare is a significant strategic move that will expand its market presence and is expected to have a positive impact on earnings and revenue. The addition of $1.00 per share to earnings and the representation of 25% of 2024 premium revenue are strong indicators of the deal's positive financial impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100