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Article: Molina Healthcare to Acquire Health Care Horizons in New Mexico; Company to Host Conference Call to Discuss Acquisition.
- Article from:
- Business Wire
- Article date:
- February 23, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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