PROPOSED ACQUISITION OF CONTROL DOCKET # EX 24-167
In the Matter of:
PROPOSED ACQUISITION OF CONTROL OF
CONNECTICARE, INC., CONNECTICARE
INSURANCE COMPANY, INC., AND
CONNECTICARE BENEFITS, INC.
BY
MOLINA HEALTHCARE, INC.
DOCKET # EX 24-167
OVERVIEW
MOLINA HEALTHCARE, INC. (the “Applicant”) filed an application on Form A on August 19, 2024, and thereafter filed an amended and restated application on Form A on December 15, 2024, with the Connecticut Insurance Department (the “Department”) pursuant to Conn. Gen. Stat. § 38a-130, and Regs,. Conn. State Agencies § 38a-138-6 (the “Application”) requesting approval by the Insurance Commissioner of the State of Connecticut for the proposed acquisition of control (the “Proposed Acquisition”) of (i) ConnectiCare, Inc., a Connecticut Health Care Center (“CCI”), (ii) ConnectiCare Insurance Company, Inc., a Connecticut accident and health insurer (“CICI”), and (iii) ConnectiCare Benefits, Inc., a Connecticut accident and health insurer (“CBI” and, together with CCI and CICI, the “Domestic Insurers”). The Proposed Acquisition will be effected pursuant to the terms of a Stock Purchase Agreement dated as of July 22, 2024.
A public hearing to consider the Proposed Acquisition will be held by the Department on January 14, 2025.
The following is a list of select documents related to the Proposed Acquisition.