Molina Enters Missouri With Acquisition

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Molina Healthcare Inc. said Friday that it has agreed to acquire Mercy CarePlus for about $74 million, gaining entry into the Missouri market.


The Long Beach -based provider of managed care to poor families said the deal will be financed with available cash and a credit facility.


Closely held Mercy is a Medicaid managed-care organization based in St. Louis, according to the statement.


Mercy CarePlus serves about 67,700 members in Missouri, all of whom qualify for the state’s managed-care program. The state is expanding the program early next year, Molina said, providing service for an additional 46,000.

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