UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): 11/16/2006
MOLINA HEALTHCARE, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 001-31719
| DE | 134204626 | |
| (State or other jurisdiction of incorporation) |
(IRS Employer Identification No.) |
One Golden Shore Drive
Long Beach, CA 90802-4202
(Address of principal executive offices, including zip code)
562 435 3666
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Information to be included in the report
Item 7.01. Regulation FD Disclosure
On November 16, 2006, in connection with our presentation given at the 2006 Credit Suisse Healthcare Conference in Phoenix, Arizona, we displayed certain slides. Except as discussed below, a copy of our slide presentation is included as Exhibit 99.1 to this report. An audio replay of the live broadcast of the Company’s conference presentation will be available for 30 days at the Company’s website, www.molinahealthcare.com.
The membership growth bar chart on Slide 3 as presented at the conference has been corrected to reflect that the Company’s actual membership as of 9/30/2006 was 1,015,000 members.
The information in this Form 8-K and Exhibit 99.1 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Copy of slide presentation given at Credit Suisse Healthcare Conference on November 16, 2006.
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MOLINA HEALTHCARE, INC. | ||||
| Date: November 16, 2006 | By: | /s/ Mark L. Andrews | ||
| Mark L. Andrews | ||||
| Chief Legal Officer | ||||
 Exhibit 99.1 Molina Healthcare 3Q Update 2006 Credit Suisse Healthcare Conference November 15-17, 2006 Phoenix, AZ |
 2
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Anyone viewing or listening to this presentation is expected to have read Molina’s Form 10-K for the year ended December 31, 2005, and its Forms
10- Q for the quarters ended March 31, 2006, June 30, 2006 and September
30, 2006. Any statements made herein that are not historical facts are
forward- looking and thus subject to numerous risks and uncertainties
that could cause our actual results to differ materially. Such forward-looking statements should be considered in connection with the risk factors and cautionary statements contained in our Forms 10-K and 10-Q and in our other reports and filings with
the Securities and Exchange Commission. Unless otherwise noted, all
forward- looking statements represent our judgment as of November 16,
2006, and we disclaim any obligation to update such statements. Cautionary Statement |
 3
Washington 280,000 New Mexico 62,000 Utah 54,000 Utah 54,000 Indiana 54,000 Michigan 227,000 Texas 3,000 California 302,000 Ohio 33,000 ** All membership figures as of 9/30/2006 Contract diversification Organic growth Acquisitions Start ups New populations membership growth membership growth (in thousands) 405 489 788 893 564 1,015** 298 '00 '01 '02 '03 '04 '05 '06 Molina Markets & Members** |
 4
Third Quarter Financial Review 1,015,000 $517.5M 84.1% 11.7% 8.6% $12.3M $0.44 28.3M Enrollment Revenue Medical Care Ratio G&A Ratio Core G&A Net Income Diluted EPS Diluted Shares Outstanding 904,000 $428.6M 86.1% 11.0% 7.4% $6.8M $0.24 28.1M 3Q05 3Q06 |
 5
Columbus Cincinnati Dayton New Leadership: Jesse Thomas Central Region Expansion Mandatory effective 12/1 Systems error identified affecting ABD awards East Central, Central, & South West Molina Healthcare of Ohio NOT affected Expansion Update Ohio Ohio |
 6
Texas Update STAR (TANF Product) Started September 2006 (Houston) Healthy Families (CHIP Product) Starts January 2007 (Houston) STAR+PLUS (ABD Product) Starts January 2007 (San Antonio & Houston) Houston San Antonio |
 7
Quality Quality Accreditation Quality Accreditation 6 eligible Molina health plans accredited by NCQA & HEDIS scores posted on-line All of Molina’s eligible health plans named among the nation’s Top 50 Medicaid health plans by US News & World Report* MHW: state’s top plan MHC: top 5 (2 plans) in CA MHM: top ten in MI MHU: state’s top plan and 12th nationally * source: http://www.whitehouse.gov/news/releases/2006/08/20060822-2.html State Medicaid rankings: |
 8
Investment Highlights A Solution to State’s rising Medicaid budgets Diversified geographically and into new populations Demonstrated commitment to quality Competitive administrative cost structure Experienced management team 25+ year history |
 9
Q&A |