LONG BEACH, Calif.--(BUSINESS WIRE)--Jun. 21, 2017--
Molina Healthcare, Inc. (NYSE: MOH) today announced that its wholly
owned subsidiary, Molina Healthcare of Mississippi, Inc., has been
notified by the Mississippi Division of Medicaid (the Division) of its
intent to award a Medicaid Coordinated Care Contract for the statewide
administration of the Mississippi Coordinated Access Network
(MississippiCAN).
“We are pleased to have been selected to participate in the
MississippiCAN program,” said Joseph White, interim President & CEO and
CFO of Molina Healthcare, Inc. “This award adds to our existing Medicaid
footprint of 12 states and the Commonwealth of Puerto Rico. Over the
next several months, we will work closely with the Division, local
providers and community leaders to provide quality, cost effective
health care to Mississippi’s Medicaid members.”
The objectives of the MississippiCAN program are to improve access to
needed medical services, improve quality of care and population health,
and improve the efficiency and cost effectiveness of the Medicaid
program.
Molina Healthcare of Mississippi was selected by the Division pursuant
to its request for proposals issued in February 2017. The contract
begins July 1, 2017, for three years with options to renew annually for
up to two additional years. The operational start date for the program
is currently scheduled for July 1, 2018, pending the completion of a
readiness review with the Division.
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed health
care services under the Medicaid and Medicare programs and through the
state insurance marketplaces. Through our locally operated health plans
in 12 states across the nation and in the Commonwealth of Puerto Rico,
Molina serves approximately 4.8 million members. Dr. C. David Molina
founded our company in 1980 as a provider organization serving
low-income families in Southern California. Today, we continue his
mission of providing high quality and cost-effective health care to
those who need it most. For more information about Molina Healthcare,
please visit our website at molinahealthcare.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains “forward-looking
statements” regarding the selection of Molina Healthcare of Mississippi
to enter into a managed care contract for the MississippiCAN program.
All forward-looking statements are based on current expectations that
are subject to numerous risk factors that could cause actual results to
differ materially. Such risk factors include, without limitation, a
failure of the parties to finalize and execute the new contract, a delay
in the start date for the new contract, a failure to satisfy readiness
review requirements, and a reversal of the contract award in connection
with a successful protest by another bidder. Additional information
regarding the risk factors to which Molina Healthcare is subject is
provided in greater detail in its periodic reports and filings with the
Securities and Exchange Commission, including its most recent Annual
Report on Form 10-K. These reports can be accessed under the investor
relations tab of Molina Healthcare’s website or on the SEC’s website at sec.gov.
Given these risks and uncertainties, Molina Healthcare can give no
assurances that its forward-looking statements will prove to be
accurate, or that any other results or events projected or contemplated
by its forward-looking statements will in fact occur, and Molina
Healthcare cautions investors not to place undue reliance on these
statements. All forward-looking statements in this release represent
Molina Healthcare’s judgment as of the date hereof, and Molina
Healthcare disclaims any obligation to update any forward-looking
statements to conform the statement to actual results or changes in its
expectations that occur after the date of this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170621006268/en/
Source: Molina Healthcare, Inc.
Molina Healthcare, Inc.
Investor Relations:
Juan José
Orellana, 562-435-3666
or
Public Relations:
Sunny Yu,
562-477-1608