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4-Traders Homepage  >  Equities  >  Nyse  >  Molina Healthcare, Inc.    MOH

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Molina Healthcare, Inc. : Molina Healthcare of New Mexico Selected for Participation in Centennial Care

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02/11/2013 | 01:05pm CEST

Molina Healthcare, Inc. (NYSE: MOH) today announced that its New Mexico health plan, Molina Healthcare of New Mexico, Inc., has been selected by the New Mexico Human Services Department (HSD) to participate in the new Centennial Care program. In addition to continuing to provide physical and acute health care services, under the new program Molina Healthcare of New Mexico will expand its services to provide behavioral health and long-term care services.

"Molina Healthcare has a long history of caring for New Mexico's Medicaid members. We are delighted to continue our partnership with HSD as it launches the new Centennial Care program," said Patty Kehoe, president of Molina Healthcare of New Mexico. "Our organization has always been committed to providing access to quality care for our members. We plan to draw on our extensive experience to successfully implement this exciting new program."

The Centennial Care program modernizes the Medicaid program in New Mexico with the goal of creating a unified, comprehensive health care delivery system. It aligns incentives within the health care system so that all involved - the state, the health plans, the providers, and the members - are working towards the same objective of achieving better health care at less cost. In addition, the newly eligible population under the Affordable Care Act Medicaid expansion will be enrolled under Centennial Care.

The selection of Molina Healthcare of New Mexico was made by HSD pursuant to its request for proposals issued in August 2012. The operational start date for the program is currently scheduled for January 2014. Molina Healthcare of New Mexico will now begin working through a readiness review with HSD to prepare for full implementation of Centennial Care.

Molina Healthcare of New Mexico currently serves approximately 90,000 Medicaid and Medicare beneficiaries statewide in New Mexico. Additionally, Molina Healthcare operates two primary care clinics in Albuquerque and Santa Fe through an affiliated company.

About Molina Healthcare

Molina Healthcare, Inc., a FORTUNE 500 company, provides quality and cost-effective Medicaid-related solutions to meet the health care needs of low-income families and individuals and to assist state agencies in their administration of the Medicaid program. The Company's licensed health plans in California, Florida, Michigan, New Mexico, Ohio, Texas, Utah, Washington, and Wisconsin currently serve approximately 1.8 million members, and its subsidiary, Molina Medicaid Solutions, provides business processing and information technology administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West Virginia, and drug rebate administration services in Florida. More information about Molina Healthcare is available at www.molinahealthcare.com.

Molina Healthcare, Inc.
Leigh Woodward, 562-528-5056
Public Relations
or
Juan José Orellana, 562-435-3666
Investor Relations


© Business Wire 2013
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Financials ($)
Sales 2017 19 389 M
EBIT 2017 265 M
Net income 2017 103 M
Finance 2017 1 495 M
Yield 2017 -
P/E ratio 2017 25,10
P/E ratio 2018 15,86
EV / Sales 2017 0,06x
EV / Sales 2018 0,05x
Capitalization 2 618 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 50,5 $
Spread / Average Target 10,0%
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Managers
NameTitle
Joseph Mario Molina Chairman, President & Chief Executive Officer
Terry P. Bayer Chief Operating Officer
John C. Molina Chief Financial Officer, Treasurer & Director
Martha Molina Bernadett Executive Vice President-Research & Development
Rick Hopfer Chief Information Officer
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