Molina Healthcare To Acquire Loyola Physician Partners’ Medicaid Program

Molina Healthcare, Inc. and Loyola Physician Partners, LLC, jointly announced that Molina Healthcare of Illinois, Inc., a wholly owned subsidiary of Molina Healthcare, Inc., has entered into a definitive agreement to acquire certain assets relating to Loyola Physician Partners’ Medicaid business in Illinois. As part of the transaction, Molina Healthcare of Illinois will receive the right to transition Loyola’s Medicaid members in Cook County and assume certain assets related to the operation of the Medicaid business. The closing of the transaction is expected to occur in the first quarter of 2016. Financial details of the transaction were not disclosed . . .