Article: Molina Healthcare to Acquire Health Care Horizons in New Mexico; Company to Host Conference Call to Discuss Acquisition.

Business Editors/Health/Medical Writers

LONG BEACH, Calif.--(BUSINESS WIRE)--Feb. 23, 2004

Molina Healthcare, Inc. (NYSE: MOH), a multi-state managed care organization providing quality care and accessible services to low-income families and individuals, today announced that it has signed a definitive agreement to acquire, by merger with a newly formed Molina Healthcare subsidiary, the capital stock of Health Care Horizons, which is the parent company of Albuquerque, New Mexico-based Cimarron Health Plan, for approximately $69 million, subject to adjustments, plus approximately $5 million in outstanding Health Care Horizons bank debt. The Company intends ...

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