Molina Healthcare acquires Florida Medicaid plan
Molina Healthcare is expanding its Medicaid business in the Southeast. The publicly traded health insurer has acquired the Medicaid assets of First Coast Advantage, a healthcare plan owned by University of Florida Health Jacksonville.
Financial terms were not disclosed. Molina, headquartered in Long Beach, Calif., initially announced the acquisition of First Coast Advantage’s Medicaid business in August.
Molina pursued the Medicaid deal for geographical and administrative reasons, David Pollack, president of Molina Healthcare of Florida, said in an interview.