Affinity Health Plan has been acquired by Molina Healthcare

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners Affinity Health Plan
Molina Healthcare
 
Our Role Sell-Side Advisor

Summary

 

Ed Fishman | Stacy Guffanti

Bronx-based Affinity Health Plan has closed its sale to Molina Healthcare, Inc. (NYSE: MOH). A definitive agreement for Molina Healthcare, Inc. to acquire substantially all of the assets of Affinity was signed in September 2020 and closed in November 2021.

Cain Brothers, a division of KeyBanc Capital Markets, served as Affinity’s exclusive financial advisor in connection with the sale, highlighting a successful relationship with the Company lasting several years as well as Cain Brothers’ deep expertise in the healthcare sector. Greenberg Traurig, LLP served as legal advisor to Affinity.

Affinity is one of the leading providers of Medicaid managed care in New York State, serving 10 counties and approximately 310,000 lives in the greater New York City metropolitan area. Affinity (originally “The Bronx Health Plan”) opened for business in 1987 as a not-for-profit sponsored by several Federally Qualified Health Centers in the Bronx. As the first health plan licensed in New York State to serve public-sector health programs, Affinity’s single mission is to provide affordable, high quality health care coverage to individuals in need by working closely with community health centers and primary care providers.

Molina Healthcare, Inc., a FORTUNE 500 company, provides managed health care services under the Medicaid and Medicare programs and through the state insurance marketplaces. Through its locally operated health plans, Molina Healthcare served approximately 4.7 million members as of June 30, 2021.

Cain Brothers

 

Recent Deals

September 2022

$600 Million

Delayed Draw Term Loan

$700 Million

Bridge Revolver

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

gaming-and-leisure-properties-inc
September 2022

Welltower 

$750 Million

Unitranche Joint Venture

First mortgage financing available for seniors housing & skilled nursing facilities

welltower-1
September 2022

Welltower 

$5.2 Billion

Senior Unsecured Credit Facility

Joint Lead Arranger
Administrative Agent

welltower
September 2022

OMNI

$27 Million

Vitalia Senior Residences, Ohio

Life Company

omni
August 2022

Ventana al Sur

$49.3 Million

New Construction of Seniors Housing

Construction

ventana-al-sur
August 2022

 

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

ring-energy-inc-
August 2022

Claysburg II Tower 

$21 Million

Private Placement Permanent Loan to finance acquisition and rehabilitation of Claysburg II Tower

Private Placement

claysburg-ii-tower
August 2022

Cadenza 

$28.5 Million

New construction of 160 affordable units

Bridge
Construction
Low Income Housing Tax Credits

cadenza-at-hacienda-lakes
August 2022

 

$3 Billion

Senior Secured Credit Facility; Term Loan

Joint Lead Arranger
Joint Bookrunner
Documentation Agent

Debt Capital Markets

earthstone-energy-inc-
August 2022


$124 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Sole Bookrunner
Administrative Agent
Depository Bank
Collateral Agent
Issuing Bank

Debt Capital Markets

amp-energy
August 2022

 

$1.5 Billion

Senior Secured Credit Facility

Administrative Agent
Coordinating Lead Arranger
Sole Bookrunner

Debt Capital Markets

diversified-energy-company-plc-1
July 2022

 

$280 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

Debt Capital Markets

intralot-inc-
July 2022

has acquired

 

$75.8 Million

Senior Secured Credit Facilities

Debt Advisor

Debt Capital Markets
Mergers & Acquisitions

traffic-control-&-protection-inc
July 2022

Lofts on Main

$14.3 Million

Adaptive Reuse and New Construction

Construction

lofts-on-main
July 2022

 

$10 Million

Senior Secured Credit Facilities

Sole Lender

rudis

Connect With Us

  • Social Share Icon
  • Social Share Icon
  • Social Share Icon

Find an Expert