Molina Healthcare has completed its acquisition of health provider Universal American’s Total Care Medicaid plan, resulting in the addition of nearly 38,000 Total Care Medicaid members to the company.
Total Care is a prepaid health services plan that offers health insurance coverage in New York. Total Care covers roughly 38,000 members of the Medicaid Managed Care, health and recovery plans (HARP) and Child Health Plus (CHP) programs in four countries.
“We are looking forward to welcoming and sharing our care model with our newest members in New York,” said Mario Molina, MD, president and chief executive officer of Molina Healthcare.
“With the completion of this acquisition, Molina now operates health plans in the five largest Medicaid markets in the country and we are proud to continue carrying out our mission of providing access to high-quality health care to people receiving government assistance as we’ve done for more than 35 years.”
Colleen Schmidt, president of Total Care, said: “Total Care has a long history serving the central New York community, and we will continue to work closely with the New York State Department of Health, local providers and community organizations to serve our members, but now as part of the Molina Healthcare extended family.
“We’re confident that this will be a seamless transition given Molina’s focus on government health care assistance programs. Molina shares a similar mission and values with Total Care, and we are excited to tap into the knowledge, experience and resources that Molina brings.”
Richard Barasch, chairman and chief executive officer of Universal American, added: “With the sale of our Total Care Medicaid plan, we can better concentrate our efforts on our Medicare Advantage and Medicare ACO businesses.”
“We believe that Molina’s extensive experience in Medicaid will allow for continued improvements to the plan for the benefit of its members. We want to thank all the Total Care employees for their dedication, professionalism and hard work.”
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