Molina Healthcare, a managed care company headquartered in Long Beach, California, agreed to acquire Affinity Health Plan, a health insurance agency in New York City, for $380m. "The addition of Affinity is yet another important marker in activating our growth strategy, and is a perfect product line and geographic fit. We believe Molina’s strengths, including its strong balance sheet and demonstrated operating capabilities, will allow us to strengthen the financial base of Affinity and improve the business’s cost structure and operating margins," Joe Zubretsky, Molina President and CEO.