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Health Net’s MHN Government Services Awarded Military & Family Life Counseling Contract

Stocks in this article: HNT

MHN Government Services, Inc., a wholly-owned subsidiary of Health Net, Inc. (NYSE:HNT), today announced it has been awarded a U.S. Department of Defense Military & Family Life Counseling (MFLC) contract. The new contract is a second-generation contract under the MFLC program and has a five-year term that includes a 12-month base period and four 12-month option periods. MHN Government Services is one of three contractors that will participate in the new MFLC program and expects to receive approximately $100 million in annual revenues from the new contract.

The MFLC program provides short-term counseling to active duty military service members, including members of the National Guard and Reserve Components, and their families worldwide. The MFLC program sends licensed clinical counselors to military installations to meet face-to-face with military family members to provide counseling, support and tools to respond to daily stressors, including the cycle of deployment and reintegration, relationship challenges and working in harm’s way.

“MHN Government Services is proud to be selected again by the Department of Defense to participate in the Military & Family Life Counseling program and serve military service members and their families through this program,” said Tom Carrato, president of MHN Government Services.

Services under the new contract will commence on November 15, 2012, following a three-month transition period during which MHN Government Services will continue to provide behavioral health services to military service members and their families under the current MFLC contract.

About Health Net

Health Net, Inc. is a publicly traded managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans. Its mission is to help people be healthy, secure and comfortable. Health Net, through its subsidiaries, provides and administers health benefits to approximately 5.5 million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as “Part D”), Medicaid, U.S. Department of Defense, including TRICARE, and Veterans Affairs programs. Health Net’s behavioral health services subsidiary, Managed Health Network, Inc., provides behavioral health, substance abuse and employee assistance programs to approximately 4.8 million individuals, including Health Net’s own health plan members. Health Net’s subsidiaries also offer managed health care products related to prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs.

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