Molina Healthcare acquires Universal American’s Total Care Medicaid plan

As part of a joint agreement, Long Beach, Calif.-based Molina Healthcare has acquired White Plains, N.Y.-based Universal American’s Total Care Medicaid plan in upstate New York.

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As part of the agreement, Molina will acquire the outstanding equity shares of Today’s Options of New York, which operates the Total Care Medicaid Plan. The $41.3 million deal is expected to close in the third quarter of 2016.

Total Care provides coverage to 39,000 Medicaid and Child Health Plus members in three upstate New York counties.

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