Ropes & Gray Represents Molina Healthcare in its Acquisition of Affinity Health Plan
Ropes & Gray represented Molina Healthcare in its acquisition of Affinity Health Plan as special regulatory counsel. The transaction was announced on Sept. 29. The purchase price for the transaction is approximately $380 million. The press release is here.
Affinity is a not-for-profit Medicaid managed-care organization that serves members in New York City, Westchester, Orange, Nassau, Suffolk, and Rockland counties in New York. Molina Healthcare is a Fortune 500 company that provides managed health care services under Medicaid and Medicare as well as to individual beneficiaries through the state insurance marketplaces. Molina Healthcare served approximately 3.6 million members through its locally operated health plans as of June 30.
The Ropes & Gray team that represented Molina Healthcare was led by health care partners Stephen Warnke (New York) and Timothy McCrystal (Boston), with assistance from health care associates Michael McGrath (Boston), Lauren Biggs (New York) and Benjamin Wilson (Boston).