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): September 1, 2010
MOLINA HEALTHCARE, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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1-31719
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13-4204626
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(State of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification Number)
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200 Oceangate, Suite 100, Long Beach, California 90802
(Address of principal executive offices)
Registrant’s telephone number, including area code: (562) 435-3666
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
In a press release dated September 1, 2010, Molina Healthcare, Inc. issued a press release to announce that, effective September 1, 2010, it has closed on its acquisition of Abri Health Plan, a Medicaid managed care organization based in Milwaukee, Wisconsin. The text of the press release is incorporated herein by reference.
The information in this Form 8-K and the exhibit 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.
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(d)
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Exhibits:
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Exhibit
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No.
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Description
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99.1
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Press release of Molina Healthcare, Inc. issued September 1, 2010, regarding its acquisition of Abri Health Plan.
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SIGNATURE
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.
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MOLINA HEALTHCARE, INC.
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Date: September 1, 2010
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By: /s/ Jeff D. Barlow
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Jeff D. Barlow
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| General Counsel and Corporate Secretary |
EXHIBIT INDEX
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Exhibit
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No.
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Description
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99.1
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Press release of Molina Healthcare, Inc. issued September 1, 2010, regarding its acquisition of Abri Health Plan.
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Exhibit 99.1
News Release
Contact:
Juan José Orellana
Investor Relations
Molina Healthcare, Inc.
562-435-3666, ext. 111143
MOLINA HEALTHCARE CLOSES ACQUISITION OF
ABRI HEALTH PLAN IN WISCONSIN
Long Beach, California (September 1, 2010) – Molina Healthcare, Inc. (NYSE: MOH) today announced that, effective September 1, 2010, it has closed on its acquisition of Abri Health Plan, a Medicaid managed care organization based in Milwaukee, Wisconsin.
“We are pleased to welcome Abri Health Plan members into the Molina family,” said J. Mario Molina, M.D., Molina Healthcare’s president and chief executive officer. “The combination of Abri Health Plan and Molina Healthcare will strengthen the BadgerCare Plus service offering and provide Wisconsin families and individuals participating in the program with a compelling option for accessing quality health care services.”
The purchase price for the acquisition is approximately $16 million, subject to adjustments. As of July 30, 2010, Abri Health Plan served approximately 18,000 Medicaid members.
About Molina Healthcare
Molina Healthcare, Inc. 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. Our licensed health plans in California, Florida, Michigan, Missouri, New Mexico, Ohio, Texas, Utah, and Washington currently serve approximately 1.5 million members, and our 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.
About Abri Health Plan
Abri Health Plan provides quality health care services for BadgerCare Plus and Medicaid SSI members in 23 counties in Wisconsin. Abri was founded in 2004 and prides itself on being “Your Neighborhood Health Plan.” Under the name, “Today’s Health,” Abri also offers Medicare Advantage plans to eligible Medicare members. More information about Abri Health Plan is available at www.abrihealthplan.com.
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