Molina Healthcare Announces The Closing Of Its Acquisition Of Agewell New York’S Managed Long Term Care Plan
Oct 03, 2022•about 3 years ago
Acquiring Company
Molina Healthcare
Acquired Company
Term Care Plan
Long BeachHealth CareDescription
Molina Healthcare, Inc. (NYSE: MOH) today announced that its acquisition of AgeWell New York’s Medicaid Managed Long Term Care (MLTC) business closed on October 1, 2022. As of September 30, 2022, AgeWell New York’s MLTC business served approximately 13,000 members.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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