Molina Healthcare Awarded Texas CHIP Contracts
March 12 2018 - 7:00AM
Business Wire
Molina Healthcare, Inc. (NYSE: MOH) today announced that its
Texas subsidiaries, Molina Healthcare of Texas, Inc. and Molina
Healthcare of Texas Insurance Company, have been awarded contracts
by the Texas Health and Human Services Commission (HHSC) for the
Children’s Health Insurance Program (CHIP) Rural and Hidalgo
Service Areas in all four of the awarded service areas, Hidalgo,
Central, Northeast and West. Services under the contract are
expected to begin on September 1, 2018.
CHIP is HHSC’s program that helps Texas families obtain
affordable health insurance coverage for eligible children from
birth through the month of their 19th birthday. Molina has
contracted with HHSC to arrange CHIP covered benefits since
2006.
“Molina is honored to have been selected to continue our
participation in the Texas CHIP,” said Anne Rote, president of
Molina Healthcare of Texas and Molina Healthcare of Texas Insurance
Company. “We are looking forward to continuing our partnership with
HHSC, local providers, and community organizations to improve the
health and well-being of Texas children, especially those residing
in Texas’ rural counties.”
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 its locally
operated health plans, Molina serves approximately 4.1 million
members. For more information about Molina, please visit
molinahealthcare.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains
“forward-looking statements” regarding the award of Molina
Healthcare of Texas, Inc. and Molina Healthcare of Texas Insurance
Company to enter into managed care contracts for the Children’s
Health Insurance 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 new contracts, a delay in the start date for
the new contracts, a failure to satisfy readiness review
requirements, and a reversal of the contract awards 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20180312005148/en/
Molina Healthcare, Inc.Investor Relations:Ryan Kubota,
562-435-3666 ext. 119057orPublic RelationsLeidy Arévalo,
562-528-5521
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