Molina Healthcare amends Bright HealthCare deal; purchase price cut to ~$425M from $510M

MOLINA HEALTHCARE, INC.

Purchase price reduced to ~$425M (net of tax benefits) from previously announced $510M.
Price now represents 23% of expected 2023 premium revenue of $1.8B.
Expected closing on or about January 1, 2024.
Deal expected to add $1.00 per share to new store embedded earnings (unchanged).

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