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