Molina Healthcare to acquire EmblemHealth-backed ConnectiCare for $350m.

Molina Healthcare, a managed care company, agreed to acquire EmblemHealth-backed ConnectiCare, a healthcare organization, for $350m. “The addition of ConnectiCare to Molina brings a well-rounded government sponsored healthcare plan, and a new state, to our portfolio. Today’s announcement demonstrates the continuing success of our strategy of acquiring stable revenue streams, deploying capital efficiently, and delivering value through the application of the standard Molina playbook,” Joe Zubretsky, Molina Healthcare President and CEO.