Molina Health­care is buy­ing the Med­i­caid busi­ness of Columbia United Providers, a not-for-profit health in­surer based in Wash­ing­ton state.

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The agree­ment will add 55,000 Med­i­caid ben­e­fi­cia­ries to Molina’s mem­ber­ship. Molina has 3.47 mil­lion mem­bers, most of whom are in a Med­i­caid plan. Ap­prox­i­mately 568,000 Molina mem­bers live in Wash­ing­ton state. Most of Molina’s seven trans­ac­tions this year have been “tuck-in” ac­qui­si­tions that are smaller in size, and there­fore may not raise im­me­di­ate an­titrust is­sues like the mega-merg­ers of An­them and Aetna. But they still im­me­di­ately en­hance Molina’s scale.

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