Item 1.01. Entry into a Material Definitive Agreement.
On
(“Triple-S”) and managed care subsidiary of
“Company”), amended its contract (the “Amendment”) with the
Insurance Administration
health care services for the
the Government of
“Contract”). The Company announced the entry into the Contract under Item 1.01
of a Current Report on Form 8-K dated
Contract under Item 1.01 of a Current Report on Form 8-K dated
and a further amendment to the Contract under Item 1.01 of a Current Report on
Form 8-K dated
The Amendment, which is effective as of
other things, for the revision of the per member per month payments made by ASES
to Triple-S under the Contract retroactive to
runs from
will vary depending on the particular clinical condition or category of the
subscriber as set forth in the revised Attachment 11 to the Contract included as
Attachment 11 to the Amendment, a copy of which is attached to this Current
Report on Form 8-K as Exhibit 99.1. In addition, the Amendment clarifies certain
aspects related to the payment and identification of high-cost high-need
enrollees under the Contract.
The foregoing summary of the terms and conditions of the Amendment is subject
to, and qualified in its entirety by, the full text of the Amendment which will
be filed with the Company’s next periodic filing under the Securities and
Exchange Act of 1934, as amended.
Item 9.01. Financial Statements and Exhibits.
(d) The following items are filed as exhibits to this report:
99.1 Attachment 11 to the Amendment specifying the revised per member per
month rates payable to Triple-S under the Contract.
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