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Molina Healthcare Announces $158M Sale, Lease Back Transaction

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Molina Healthcare, Inc. (NYSE: MOH) today announced that, through its
wholly owned subsidiary, Molina Center LLC, it has successfully
completed a sale and lease back transaction with the dedicated net lease
group of Angelo, Gordon & Co (AG) for $158 million. Under the terms of
this transaction, Molina Healthcare has sold to AG its principal
executive offices in Long Beach, California, as well as an office
building in Columbus, Ohio, that houses the principal health plan
operations of Molina's wholly owned subsidiary, Molina Healthcare of
Ohio.

“We continue to pursue the many opportunities that are open to us today
in order to position the Company for long-term success,” said J. Mario
Molina, M.D., chief

See full press release

Posted-In: News Guidance Contracts Management

 

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