Tuesday, September 23, 2014
Inquirer Daily News

Unisys: Molina to pay $135M for Medicaid unit, 900 workers

"900 employees" from Unisys "will become employees of Molina Healthcare"

Unisys: Molina to pay $135M for Medicaid unit, 900 workers

Molina Healthcare Inc., Long Beach, Calif., has agreed to pay Unisys, Blue Bell, $135 million cash for Unisys' $110 million (annual sales) Medicaid Management Information Systems unit (MMIS), which is used by New Jersey, Idaho, Louisiana, Maine, and West Virginia to track Medicaid payments for poor people's health care, and by Florida to provide Medicaid drug rebates.

"The approximately 900 employees of the HIM business will become employees of Molina Healthcare upon closing of the transaction," Molina boss Dr. J. Mario Molina says in this statement.

Unisys statement here.

 

Joseph N. DiStefano
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PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

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