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Health Net (HNT) Not Selected by TRICARE Management Activity for the Managed Care Support Contractor in North Region

July 13, 2009 5:41 PM EDT
HNT Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

EPS Growth %: -152.5%
Health Net Federal Services, LLC, the government operations division of Health Net, Inc. (NYSE: HNT), released the following statement today in response to the Department of Defense's release of the TRICARE contract awards:

"Health Net Federal Services is disappointed not to be selected by TRICARE Management Activity (TMA) for the Managed Care Support Contractor in the TRICARE North Region. We anticipate that a debriefing will be conducted within the next couple weeks. We will consider the information provided at the debriefing, and within two weeks following, we will determine whether we will accept or challenge the award decision," said Steven Tough, president, Health Net Federal Services.

Health Net, Inc. (Health Net) is an integrated managed care organization that delivers managed healthcare services through health plans and government-sponsored, managed-care plans. [SM]

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