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Former two words, brandable .com domain representing The MCIC - the Managed Care Information Center (MCIC) gathers, collects, compiles, analyzes, studies, interprets, and distributes business news and information on the managed care industry.
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Molina Acquires Unisys’ Health Information Management Business
Molina Healthcare Inc. has agreed to acquire the health information management (HIM) business of Unisys Corp. for $135 million.
The acquisition is subject to customary regulatory approvals and closing conditions, including receipt of customer consents.
The HIM business provides design, development, implementation and business process outsourcing solutions to state governments for their Medicaid Management Information Systems (MMIS). MMIS is a core tool used to support the administration of state Medicaid and other healthcare entitlement programs.
The HIM business currently holds MMIS contracts with Idaho, Louisiana, Maine, New Jersey and West Virginia, as well as a contract to provide drug rebate administration services for the Florida Medicaid program.
Annual revenues of the HIM business are currently approximately $110 million. The approximately 900 employees of the HIM business will become employees of Molina Healthcare upon closing of the transaction. Following the closing, Unisys has agreed to provide certain transitional and technology support services to Molina Healthcare for up to one year.
"The HIM business will complement our Medicaid health plan business and advance our strategic plan by expanding our services and product offerings beyond managed care," said Dr. J. Mario Molina, president and CEO of Molina Healthcare. "Now, more than ever, state governments need cost-effective programs that help improve the health of Medicaid beneficiaries."
"Molina Healthcare will have, within a single company, the tools our state partners need to run their Medicaid programs, ranging from full-risk managed care health plans to fee-based information technology solutions," he added.
Address: Molina Healthcare, 1 Golden Shr, Long Beach, CA 90802; (562) 435-3666, www.molinahealthcare.com.
This article was taken from:
The Executive Report on Managed Care
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