Molina Healthcare, Inc. (NYSE:MOH) today announced that on December 8, 2008, it filed a universal shelf registration statement on Form S-3 to renew and replace its existing shelf registration statement.
The shelf registration was a routine filing to replace the Company’s prior shelf registration statement which expired December 8, 2008. Once the renewed registration statement is declared effective by the Commission, the Company may offer and sell, from time to time and at prices and terms to be determined at the time of the offering, common stock, preferred stock, debt securities, warrants, securities purchase contracts, depositary shares, or other securities units in an amount up to $300 million, subject to market conditions and the Company's capital needs. In addition, the Company has registered 250,000 shares of common stock for sale from time to time by a selling stockholder. No securities have been issued or offered under the new shelf registration statement, nor is any issuance or offering of securities currently anticipated by either the Company or the selling stockholder.
At the time any of the securities covered by the registration statement are offered for sale, a prospectus will be prepared and filed containing the specific information about the terms of any such offering. When available, a copy of the written prospectus may be obtained by contacting the underwriters named in the prospectus or by contacting Juan José Orellana, Vice President – Investor Relations, Molina Healthcare, Inc., 200 Oceangate, Suite 1400, Long Beach, CA 90802.
The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state.
About Molina Healthcare
Molina Healthcare Inc. is a multi-state managed care organization that arranges for the delivery of health care services to persons eligible for Medicaid, Medicare, and other government-sponsored programs for low-income families and individuals. Altogether, Molina Healthcare’s 10 licensed health plan subsidiaries in California, Florida, Michigan, Missouri, Nevada, New Mexico, Ohio, Texas, Utah, and Washington currently serve approximately 1.2 million members. More information about Molina Healthcare or its subsidiary, Molina Healthcare of Michigan, can be obtained at www.molinahealthcare.com.
Juan José Orellana, 562-435-3666