The deal will give Molina Healthcare of Illinois rights to manage Loyola’s Medicaid program, which includes 20,000 Medicaid Family Health members. Loyola provides a medical home to its Medicaid members in this program through Loyola Family Care, an accountable care entity.
“Loyola Physician Partners is pleased to have Molina’s expertise in managing Medicare and Medicaid programs and long-standing commitment to underserved communities to ensure a quality healthcare experience for our members,” Keith Veselik, MD, medical director of Loyola Physician Partners, said in a statement. “Loyola Physician Partners will continue to provide the members with a primary care medical home, specialty care, and care coordination. The strengths of both organizations will be combined to enhance the experience of our shared members.”
Pending regulatory approval, the deal is expected to close early next year.
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