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Molina to Pay $16 Million for Abri

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Molina Healthcare Inc. has agreed to acquire a company that runs Medicaid plans in Wisconsin.

Molina, Long Beach, Calif. (NYSE:MOH), a Medicaid managed care company that arranges for health coverage for about 1.5 million people, has offered $16 million in cash for Abri Health Plan Inc., West Allis, Wis., a company with Medicaid operations in 23 Wisconsin counties and a new contract that will let it operate in 6 more counties, including Milwaukee County, starting this fall.