Molina Healthcare to Acquire Cigna’s Texas Medicaid Contracts

LONG BEACH, Calif. & BLOOMFIELD, Conn.–(BUSINESS WIRE)–Molina Healthcare, Inc. (NYSE: MOH) and Cigna Corporation (NYSE: CI) today announced that they have entered into a definitive agreement pursuant to which Molina will acquire Cigna’s Texas Medicaid and Medicare-Medicaid Plan (MMP) contracts and certain operating assets. As of December 31, 2020, Cigna’s Texas Medicaid and MMP business served approximately 48,000 Medicaid members in the STAR+PLUS program in the Hidalgo, Tarrant, and Northeast service areas, and approximately 2,000 MMP members in the Hidalgo service area, with full year 2020 premium revenue of approximately $1.0 billion.

Source: Molina Healthcare to Acquire Cigna’s Texas Medicaid Contracts / businesswire

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