Even in a slow week for health care M&A, two transactions in the Managed Care sector surfaced. They weren’t the mega-mergers announced a few months ago, but they’re a sign this segment is still consolidating, even on the lower end of the scale. On October 8, Nassau Reinsurance Group, which was launched last April and backed by Golden Gate Capital, announced it would acquire the Traditional Insurance business of Universal American Corp. (NYSE: UAM). The assets consist of a closed block of insurance products, including Medicare supplement, other senior health insurance, specialty health insurance and life insurance products that include long-term care policies. Nassau agreed to pay $43 million in cash upfront, and another $20 million in equity at closing to strengthen the business moving forward. The next day, Molina Healthcare of Illinois, a subsidiary of Molina Healthcare (NYSE: MOH), announced its purchase of the Medicaid business of Loyola Physician Partners, LLC. Loyola Physician Partners is wholly owned by the Loyola University Health System, and provides a medical home for approximately 20,000 members in the Medicaid Family Health program in Cook County, Illinois. Financial terms were not disclosed.