Tuesday Rundown: Green Dot Opens Shanghai Office, Aecom Sells Staffing Unit, Molina Buys in Florida Again

0

Pasadena prepaid debit card firm Green Dot Corp has opened a new subsidiary in China that will focus on technology and software development.

The new Green Dot Shanghai Software Technology Co. Ltd., also known as Green Dot Shanghai, will operate out of a 24,000 square foot office in that city, the company announced Tuesday.

Green Dot also has tech facilities in Florida and Northern California. Kuan Archer, Green Dot’s chief operating officer and executive director of Green Dot Shanghai, said the new operation “is intended to further power our ability to efficiently create cool products that solve important problems.”

Aecom Sells URS Unit

Century City engineering and design giant Aecom has sold a quality-assurance business unit to System One, a national staffing service in Pittsburgh.

Aecom inherited the business when it bought San Francisco rival URS Corp. last year. System One said it will absorb the business so it can provide clients a full range of staffing services, including quality engineering, product assurance, asset integrity, inspection and testing services.

Financial terms were not disclosed.


Molina Buys in Florida

Long Beach managed care provider Molina Healthcare Inc. has acquired more Medicaid contracts in the Sunshine State, adding on to an acquisition made late last year.

Molina is buying the contracts from Preferred Medical Plan Inc. of Miami. All of the contracts are in Florida’s two southernmost counties, Miami-Dade and Monroe, the latter of which covers much of the Everglades region and the Florida Keys.

It’s not clear how many contracts Molina is acquiring, though Preferred has only about 25,000 Medicaid contracts in all. That makes this a much smaller deal than Molina’s last transaction in Florida. In December, it purchased about 63,000 Medicaid contracts, all of them in northeast Florida, from Jacksonville’s First Coast Advantage.

Financial terms were not disclosed.

No posts to display