Passport Health Plan announced that Molina Healthcare, Evolent Health and Passport have entered into a definitive agreement for Molina to acquire certain assets of Passport Health Plan. The agreement helps to provide continuity of care and coverage for Passport members while also preserving hundreds of Kentucky jobs.

Under the terms of the agreement, which is subject to regulatory approval, Molina intends to acquire the Passport brand, operational and clinical infrastructure, and certain provider and vendor agreements. Molina will also offer Passport employees the opportunity to continue employment with Molina. Under a separate agreement, Molina has also agreed to purchase Passport’s real estate in west Louisville.