Supply Chain Council of European Union | Scceu.org
Procurement

TRIPLE-S MANAGEMENT CORP : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On September 24, 2020, Triple-S Salud, Inc., a Puerto Rico insurance company
(“Triple-S”) and managed care subsidiary of Triple-S Management Corporation (the
“Company”), amended its contract (the “Amendment”) with the Puerto Rico Health
Insurance Administration
(“ASES,” by its Spanish acronym) for the offering of
health care services for the Medicaid and Child Health Insurance subscribers for
the Government of Puerto Rico’s revised Medicaid health insurance program (the
“Contract”). The Company announced the entry into the Contract under Item 1.01
of a Current Report on Form 8-K dated September 27, 2018, an amendment to the
Contract under Item 1.01 of a Current Report on Form 8-K dated November 6, 2019
and a further amendment to the Contract under Item 1.01 of a Current Report on
Form 8-K dated November 19, 2019.

The Amendment, which is effective as of September 15, 2020, provides, among
other things, for the revision of the per member per month payments made by ASES
to Triple-S under the Contract retroactive to July 1, 2020, for the period which
runs from July 1, 2020 to September 30, 2021. Such per member per month payments
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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