NextLevel Health Innovations, Inc. ("NextLevel"), a managed care health plan for Cook County residents with Medicaid known for its community involvement, has signed a Merger Agreement with Molina Healthcare, Inc. ("Molina"), a FORTUNE 500 company. HMB represented NextLevel in the negotiation and signing of the Merger Agreement.
As part of the transaction, Molina will assume the right to serve approximately 48,000 Medicaid and Managed Long-Term Services and Supports (MLTSS) members in Cook County. Subject to regulatory approvals and the satisfaction of other customary conditions, the closing of the transaction is expected to occur in early 2020.
HMB's team was led by Corporate Partners Sean D. Auton and James L. Jerue, Corporate Associates Robert J. Schaul, Paul C. Huddle, Payal J. Patel and Senior Corporate Paralegal Michael L. Whitchurch. Learn more about HMB's Mergers and Acquisitions practice here.