Under a definitive agreement, Cigna’s Texas Medicaid and dual Medicare-Medicaid plans will fold into Molina, adding about 50,000 Medicaid members to Molina’s rapidly growing managed care business.
The Texas Medicaid plans brought in $1 billion in revenue during 2020.
Cigna and Molina expect the deal to close in the second half of 2021, pending regulatory approvals.
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