As part of a joint agreement, Long Beach, Calif.-based Molina Healthcare has acquired White Plains, N.Y.-based Universal American's Total Care Medicaid plan in upstate New York.
As part of the agreement, Molina will acquire the outstanding equity shares of Today's Options of New York, which operates the Total Care Medicaid Plan. The $41.3 million deal is expected to close in the third quarter of 2016.
Total Care provides coverage to 39,000 Medicaid and Child Health Plus members in three upstate New York counties.