Molina Healthcare select asset Acquisition with Community Health Solutions of America

On July 29, 2013, Molina Healthcare, Inc. (Molina Healthcare) announced that its wholly-owned subsidiary, Molina Healthcare of South Carolina, has entered into a definitive agreement with Community Health Solutions of America, Inc. (CHS) to acquire certain assets of CHS relating to its South Carolina Solutions (SCS) business.

As per the terms of agreement, CHS will transfer its Medical Homes Network (MHN) membership to Molina Healthcare, except for the members enrolled in the Medically Complex Children’s Waiver component of the MHN program. However, the Company informed that the transfer of MHM membership is subject to Molina Healthcare’s successful receipt of an HMO license from the South Carolina Department of Insurance; the award to Molina Healthcare of a full-risk Medicaid managed care contract by the South Carolina Department of Health and Human Services; and the state’s conversion of the MHN program to a full-risk Medicaid managed care program. Molina Healthcare expects these conditions to be satisfied by January 2014.

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