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Molina to Acquire NextLevel Health Partners

Molina Healthcare, Inc. today announced that it has entered into a definitive agreement to acquire all of the capital stock of NextLevel Health Partners, Inc., a Medicaid managed care organization. As part of the transaction, Molina will assume the right to serve approximately 50,000 Medicaid and Managed Long-Term Services and Supports (MLTSS) members in Illinois’ Cook County. Centerview Partners LLC acted as financial advisor for Molina and Sheppard Mullin acted as legal advisor.