Molina Healthcare completed the acquisition of the medicaid managed long term care business from AgeWell New York for $110m.

Molina Healthcare, a managed care organization, completed the acquisition of the medicaid managed long term care business from AgeWell New York, a provider of care manager or wellness coach services, for $110m. “The addition of AgeWell to Molina’s expanding New York footprint is not only complementary to our existing MLTSS business, but also representative of our strategic growth strategy. Our highest priority is to serve all Molina members with quality care and compassion, and we anticipate a seamless integration," Joe Zubretsky, Molina Healthcare President and CEO.