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LONG BEACH, Calif. & WHITE PLAINS, N.Y.–(BUSINESS WIRE)–Molina Healthcare, Inc. (NYSE: MOH) and Universal American Corp. (NYSE: UAM) accordingly appear today that Molina has completed its accretion of Universal American’s Total Affliction Medicaid plan. As a result, about 38,000 Total Affliction Medicaid associates will now be a allotment of Molina Healthcare.

“We are attractive advanced to affable and administration our affliction archetypal with our newest associates in New York,” said J. Mario Molina, MD, admiral and arch controlling administrator of Molina Healthcare, Inc. “With the achievement of this acquisition, Molina now operates bloom affairs in the bristles bigger Medicaid markets in the country and we are appreciative to abide accustomed out our mission of accouterment admission to high-quality bloom affliction to bodies accepting government abetment as we’ve done for added than 35 years.”

Total Affliction is a prepaid bloom casework plan that provides bloom allowance advantage in New York. Total Affliction covers about 38,000 associates of the Medicaid Managed Care, Bloom and Recovery Affairs (HARP) and Child Bloom Plus (CHP) programs in four counties: Cortland, Onondaga, Oswego and Tompkins. Beneath the acceding of the agreement, Molina has acquired all the outstanding disinterestedness interests of Today’s Options of New York, Inc., which operates the Total Affliction Medicaid plan.

“Total Affliction has a connected history confined the axial New York community, and we will abide to assignment carefully with the New York Accompaniment Department of Health, bounded providers and association organizations to serve our members, but now as allotment of the Molina Healthcare connected family,” said Colleen Schmidt, admiral of Total Care. “We’re assured that this will be a seamless alteration accustomed Molina’s focus on government bloom affliction abetment programs. Molina shares a agnate mission and ethics with Total Care, and we are aflame to tap into the knowledge, acquaintance and assets that Molina brings.”

Richard A. Barasch, administrator and arch controlling administrator of Universal American, commented, “With the auction of our Total Affliction Medicaid plan, we can bigger apply our efforts on our Medicare Advantage and Medicare ACO businesses. We accept that Molina’s all-encompassing acquaintance in Medicaid will acquiesce for connected improvements to the plan for the account of its members. We appetite to acknowledge all the Total Affliction advisers for their dedication, professionalism and adamantine work.”

About Molina Healthcare

Molina Healthcare, Inc., a FORTUNE 500 company, provides managed bloom affliction casework beneath the Medicaid and Medicare programs and through the accompaniment allowance marketplaces. Through our locally operated bloom affairs in 12 states beyond the nation and in the Commonwealth of Puerto Rico, Molina currently serves about 4.3 actor members. Dr. C. David Molina founded our aggregation in 1980 as a provider alignment confined low-income families in Southern California. Today, we abide his mission of accouterment aerial affection and cost-effective bloom affliction to those who charge it most. For added advice about Molina Healthcare, amuse appointment our website at molinahealthcare.com.

About Universal American Corp.

Through its ancestors of healthcare companies, Universal American provides bloom allowances to bodies covered by Medicare. The aggregation is committed to alive collaboratively with healthcare professionals, abnormally primary affliction physicians, in adjustment to advance the bloom and abundance of those they serve while abbreviation healthcare costs. Added advice about Universal American is accessible at universalamerican.com.

Safe Harbor Account beneath the Private Securities Litigation Reform Act of 1995: This columnist absolution contains “forward-looking statements” apropos the transaction amid Universal American Corp. and Molina Healthcare, Inc. All advanced statements are based on accepted expectations that are accountable to abundant accident factors that could account absolute after-effects to alter materially. Such accident factors include, afterwards limitation, risks accompanying to: the adeptness of Today’s Options of New York, Inc. (“TONY”) to advance relationships with barter and advisers afterward the advertisement of this transaction; the affiliation of the operations and advisers of TONY into Molina Healthcare’s business; the assimilation and face-lifting of TONY’s business contracts; synergies from the proposed transaction; and TONY’s approaching banking action and operating results. Additional advice apropos the accident factors to which the parties are accountable is provided in greater detail in their corresponding alternate letters and filings with the Securities and Exchange Commission, including anniversary party’s best contempo Annual Report on Form 10-K. These letters can be accessed beneath the broker relations tab of anniversary party’s website or on the SEC’s website at sec.gov. Accustomed these risks and uncertainties, neither affair can accord assurances that its advanced statements will prove to be accurate, or that any added after-effects or contest projected or advised by its advanced statements will in actuality occur, and anniversary affair cautions investors not to abode disproportionate assurance on these statements. All advanced statements in this absolution represent the parties’ acumen as of the date hereof, and anniversary affair disclaims any obligation to amend any advanced statements to accommodate the account to absolute after-effects or changes in a party’s expectations that action afterwards the date of this release.

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