Datapoint: Molina to Acquire Connecticut Insurer From EmblemHealth

Molina Healthcare this week inked a $350 million deal to purchase Connecticut insurer ConnectiCare from EmblemHealth. “The addition of ConnectiCare to Molina brings a well-rounded government sponsored healthcare plan, and a new state, to our portfolio,” Joe Zubretsky, President and CEO of Molina, said in a statement. The deal, which is expected to close in the first half of 2025, will boost Molina’s membership by about 140,000 lives. ConnectiCare will be somewhat unique in Molina’s portfolio, as it does not serve managed Medicaid markets, instead focusing on the Affordable Care Act exchanges and Medicare Advantage. Molina currently serves 4.4 million lives, with 86.5% enrolled in Medicaid and 5.6% in Medicare Advantage.

Source: AIS’s Directory of Health Plans

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