Molina Healthcare closes its acquisition of LTC provider AgeWell

Molina Healthcare Inc. closed its acquisition of AgeWell, a Medicaid long-term care business, for $110 million, reports Healthcare Dive. The managed care company will pick up 13,000 members from New York-based AgeWell who are chronically ill or disabled and covered by AgeWell’s long-term care services. AgeWell’s full-year 2020 premium revenue for its members was about $700 million, Molina said last year upon announcing the deal.