Molina Healthcare has completed its $150 million acquisition of My Choice Wisconsin, a Medicaid Managed Care Organization with 44,000 members. This strategic move, finalized on September 1, 2023, underscores Molina’s commitment to expanding its presence in the Medicaid market, reinforcing its position as a key player in delivering healthcare services to a diverse and growing member base.
Molina Healthcare has successfully finalized its acquisition of My Choice Wisconsin, a Medicaid Managed Care Organization (MCO) boasting a membership of 44,000 individuals. This strategic acquisition reached its completion on September 1, as disclosed in a press release dated September 5, issued by Molina.
The healthcare giant had previously announced its intention to purchase My Choice Wisconsin for a substantial $150 million in July 2022. With this acquisition, Molina Healthcare aims to expand its presence and enhance its offerings within the Medicaid market, strengthening its commitment to providing quality healthcare services to a wider range of beneficiaries.
This move signifies Molina Healthcare’s dedication to the ongoing evolution and growth of its healthcare portfolio, thereby further solidifying its position as a prominent player in the Medicaid MCO arena. It will undoubtedly enable the company to better serve the healthcare needs of an increasingly diverse and expanding member base.
