Molina Healthcare to Acquire ConnectiCare
Molina Healthcare to Acquire ConnectiCare
Transaction expands Molina's Government managed care presence into Connecticut and is expected to add $1.00 per share to new store embedded earnings1
此交易擴展了Molina在政府管理的護理領域在康涅狄格州的存在,並預計將爲新店內嵌嵌入式收益增加1.00美元。
LONG BEACH, Calif.--(BUSINESS WIRE)--Jul. 23, 2024--Molina Healthcare, Inc. (NYSE: MOH) ("Molina" or the "Company") announced today that it has entered into a definitive agreement to acquire ConnectiCare Holding Company, Inc. ("ConnectiCare"), a wholly owned subsidiary of EmblemHealth, Inc. The purchase price for the transaction is $350 million, representing 25% of expected 2024 premium revenue of $1.4 billion.
加利福尼亞州長灘--(商業線)--2024年7月23日-- Molina Healthcare公司(紐交所:MOH)(“Molina”或“公司”)今天宣佈,已達成明確的協議收購ConnectiCare Holding Company,Inc。(“ConnectiCare”),這是EmblemHealth,Inc.的全資子公司。此次交易價格爲3,5000萬美元,相當於預計2024年14億美元的保費收入的25%。
ConnectiCare is a leading health plan in the state of Connecticut serving approximately 140,000 members across Marketplace, Medicare, and certain commercial products as of June 30, 2024. The acquisition represents a strong strategic fit for Molina, adding an established government business, recognized brand, and a statewide provider network. The acquisition is expected to add $1.00 per share to new store embedded earnings.
ConnectiCare是康涅狄格州的領先醫療計劃,截至2024年6月30日,在市場,醫療保險和某些商業產品中爲約14萬名會員提供服務。此次收購對Molina具有強有力的戰略適合性,爲Molina增加了一個成熟的政府業務,知名品牌和一個覆蓋全州的提供者網絡。此次收購預計將爲新的應用程序內嵌嵌入式收益增加1.00美元。
"The addition of ConnectiCare to Molina brings a well-rounded government sponsored healthcare plan, and a new state, to our portfolio," said Joe Zubretsky, President and CEO of Molina. "Today's announcement demonstrates the continuing success of our strategy of acquiring stable revenue streams, deploying capital efficiently, and delivering value through the application of the standard Molina playbook."
"ConnectiCare加入Molina,爲我們的投資組合帶來一項全面的政府醫療保健計劃和一個新的州,"Molina的總裁兼首席執行官Joe Zubretsky說。"今天的公告展示了我們收購穩定的營業收入流,有效部署資本,並通過Molina教程的標準應用提供價值的策略持續取得的成功。"
Molina intends to fund the purchase with cash on hand. The transaction is subject to the receipt of applicable federal and state regulatory approvals, and the satisfaction of other customary closing conditions. It is expected to close in the first half of 2025.
Molina打算通過現金來籌措購買資金。該交易需獲得適用的聯邦和州監管機構的批准,並滿足其他習慣性的關閉條件。預計將在2025年上半年關閉。
About Molina Healthcare
關於Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. For more information about Molina Healthcare, please visit MolinaHealthcare.com.
Molina Healthcare,Inc.是一家FORTUNE 500公司,提供醫療保健管理服務,涵蓋醫療補助計劃、醫療保險計劃和州保險市場。有關Molina Healthcare的更多信息,請訪問MolinaHealthcare.com。
1 See Reconciliation notes below.
查看下面的調節註釋。
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.
1995年《私人證券訴訟改革法》中的安全港聲明。
This press release contains forward-looking statements regarding our intended acquisition of ConnectiCare Holding Company, Inc. ("ConnectiCare"), including the expected timing of the closing of the acquisition, ConnectiCare's expected 2024 premium revenues, and our expected new store embedded earnings. In some cases, you can identify forward-looking statements by words such as "guidance", "future", "anticipates", "believes", "embedded", "estimates", "expects", "growth", "intends", "plans", "predicts", "projects", "will", "would", "could", "can", "may" or the negative of these terms or other similar expressions. All forward-looking statements are based on current expectations that are subject to numerous risk factors that could cause actual results to differ materially. Such risk factors include, without limitation, risks that the transaction may not close on a timely basis or at all, that we may be unable to obtain regulatory approvals and third-party consents or to satisfy all closing conditions, that we may be unable to integrate the acquisition as currently expected without unreasonable delay or cost, or to fully realize embedded earnings at the level expected. Additional risk factors to which the Company is subject are provided in our periodic reports and filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K. These reports can be accessed under the investor relations tab of the Company's website or on the SEC's website at sec.gov. Given these risks and uncertainties, the Company cannot give assurances that its forward-looking statements will prove to be accurate. All forward-looking statements represent the Company's judgment as of the date hereof, and, except as otherwise required by law, the Company disclaims any obligation to update any forward-looking statement to conform the statement to actual results or changes in its expectations.
本新聞稿包含有關我們擬收購ConnectiCare Holding Company, Inc.(“ConnectiCare”)的前瞻性聲明,包括收購完成的預期時間、ConnectiCare預期的2024年保費收入和我們預期的新店面嵌入式收益。在某些情況下,您可以根據諸如“指導”,“未來”,“預計”,“相信”,“嵌入式”,“估計”,“預計”,“增長”,“打算”,“計劃”,“預測”,“項目”,“將”,“將會”,“可能”或這些術語的否定或其他類似表達式來識別前瞻性聲明。所有前瞻性聲明均基於目前的期望,受許多可能導致實際結果大相徑庭的風險因素的影響。這樣的風險因素包括但不限於:交易可能不會按時或實現,我們可能無法獲得監管批准和第三方同意或滿足所有收盤條件,我們可能無法按照目前的預期無不合理延遲或成本地整合收購或完全實現預期的嵌入式收益。公司所面臨的其他風險因素在我們的定期報告和提交給證券交易委員會的文件中提供,包括公司最近的年度報告(10-k表)。這些報告可以在公司網站的投資者關係選項卡下或SEC網站(sec.gov)上訪問。考慮到這些風險和不確定性,公司無法保證其前瞻性聲明將證明準確。所有前瞻性聲明均代表本公司在此日期的判斷,除非法律另有要求,否則本公司不承擔更新任何前瞻性聲明以符合實際結果或其期望變化的義務。
Non-GAAP Financial Measures
非依照普遍公認會計准則的財務措施
The Company includes in this release the financial measure, "new store embedded earnings," which is a non-GAAP measure. The term is defined as the incremental diluted earnings per share impact that we expect to achieve in future years related to newly awarded but not yet commenced state Medicaid contracts, and recently closed and announced acquisitions. The incremental impact reflects the expected full-year earnings for the newly-awarded California, Iowa, Nebraska, New Mexico, and Texas Medicaid contracts, and the Agewell, MyChoice Wisconsin, and California Medicare Health Plans acquisitions, not yet included in the current full-year guidance issued by the Company. This measure excludes amortization of intangible assets and non-recurring costs associated with acquisitions, including various transaction and integration costs. The Company and management believe this measure is useful to investors in assessing the Company's expected performance related to new Medicaid contracts and acquisitions, and is used internally to enable management to assess the Company's performance consistently over time. New store embedded earnings should be considered as a supplement to, and not as a substitute for or superior to, GAAP measures. Management is unable to reconcile this measure to the growth in GAAP earnings per share, the most directly comparable GAAP measure, without unreasonable effort due to the unknown impact from the amortization of intangible assets related to recently announced acquisitions, which cannot be determined until purchase accounting valuations are completed. Non-recurring costs associated with the recently announced acquisitions are estimated at approximately $15 million.
本公司在本發佈中包括一個非GAAP度量標準"新店面嵌入式收益"。該術語被定義爲我們預計在未來幾年中獲得、但尚未開始的州醫療補助合同和最近關閉和宣佈的收購與之相關的增量稀釋每股收益影響。增量影響反映了新授予的加利福尼亞州、艾奧華州、內布拉斯加州、新墨西哥州和德克薩斯州醫療補助合同和Agewell、MyChoice Wisconsin和加利福尼亞州醫療保險健康計劃收購的預期全年收益,尚未包含公司發佈的當前全年指導。該度量標準不包括攤銷的無形資產和與收購相關的非重複性成本,包括各種交易和整合成本。公司和管理層認爲該度量標準對於投資者評估公司與新醫療補助合同和收購相關的預期績效具有益處,並在內部使用該度量標準以使管理層能夠一致地評估公司的績效。應將新店面嵌入式收益視爲GAAP度量標準的補充,而不是替代或優越於GAAP度量標準。由於未知的購買會計估值作用,管理層無法通過不合理的努力將該度量標準與每股獲得GAAP收益增長這一最直接可比較的GAAP度量標準協調一致。最近宣佈的收購所涉及的非重複性成本估計約爲至少$1500萬。
View source version on businesswire.com:
請查看商業線(businesswire.com)的源版本。
Investor Contact: Jeff Geyer, Jeffrey.Geyer@molinahealthcare.com, 305-317-3012
Media Contact: Caroline Zubieta, Caroline.Zubieta@molinahealthcare.com, 562-951-1588
投資者聯繫方式:Jeff Geyer,Jeffrey.Geyer@molinahealthcare.com,305-317-3012。
媒體聯繫方式:Caroline Zubieta,Caroline.Zubieta@molinahealthcare.com,562-951-1588。
Source: Molina Healthcare, Inc.
消息來源:Molina Healthcare,Inc。