Molina to sell Medicaid management information systems unit to DXC

Molina Healthcare (NYSE:MOH) agrees to sell Molina Medicaid Solutions to DXC Technology (NYSE:DXC) for ~$220M after certain adjustments.

Molina Medicaid Solutions provides support to state Medicaid agencies in the administration of Medicaid programs, and is under contract with Medicaid agencies in six states and the U.S. Virgin Islands.

MOH says the sale will give it more flexibility to invest and refocus resources in its core health plan business.

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