April 29, 2021

Molina Acquires Cigna’s Texas Medicaid Business

Molina will expand its footprint in Texas with their agreement to purchase Cigna’s Medicaid business in a deal expected to close in the second half of 2021. Molina will reportedly pay around $60 million to acquire 50,000 current Cigna Medicaid and dual Medicare/Medicaid plan members.  Molina presently has close to 357,000 members in Texas and 3.6 million members nationwide.