Health Net (HNT) Unit Awarded New Military Contract Worth $100 Million in Annual Revenues
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MHN Government Services, Inc., a wholly-owned subsidiary of Health Net, Inc. (NYSE: HNT) 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.
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.
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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.
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.
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