Molina Healthcare Provides Fiscal Year 2014 Guidance
Molina Healthcare, Inc.Juan José Orellana, 562-435-3666Investor Relations
Molina Healthcare, Inc. (NYSE:MOH) today announced that it is providing its guidance for fiscal year 2014.
The following is the Company’s guidance for fiscal year 2014 ():
* All amounts are estimates and subject to change.
Medical Care Ratio represents Medical Care Costs as a percentage of Premium Revenue. G&A Ratio computed as a percentage of Premium Revenue plus Service Revenue. Assumes 47.7 million average diluted shares outstanding.
The following table reconciles adjusted net income per diluted share, continuing operations to net income per diluted share, continuing operations, which the Company believes to be the most comparable GAAP measure:
The Company will host an Investor Day meeting at the Le Parker Meridien Hotel in New York City on Thursday, February 13, 2014, from 12:30 p.m. to 4:30 p.m. Eastern Time. The Company will webcast the presentations offered by its management team, which will be followed by question-and-answer sessions. A 30-day online replay of the Investor Day meeting will be available approximately one hour following the conclusion of the live webcast. A link to this webcast can be found on the Company’s website at .
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, Illinois, Michigan, New Mexico, Ohio, South Carolina, Texas, Utah, Washington, and Wisconsin currently serve approximately 2.1 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 .