LONG BEACH, Calif.--(BUSINESS WIRE)--Oct. 22, 2018--
Molina Healthcare, Inc. (NYSE: MOH) today announced that it has
completed the sale of Pathways Health and Community Support, LLC, a
provider of home and community-based human services, to Atar Capital,
LLC, a global private investment firm.
As part of Molina Healthcare’s renewed focus on its health plan business
and continued execution of its margin recovery and sustainability plan,
the Company identified Pathways as a non-core asset. Molina has sold the
business for a nominal purchase price.
Pathways provides national home and community-based human services. It
offers a full spectrum of social service and behavioral health solutions
to over 60,000 children, adults, and families in 17 states and the
District of Columbia.
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed health
care services under the Medicaid and Medicare programs and through the
state insurance marketplaces. Through its locally operated health plans,
Molina Healthcare served approximately 4.1 million members as of June
30, 2018. For more information about Molina Healthcare, please visit our
website at molinahealthcare.com.
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Source: Molina Healthcare, Inc.