Articles from Molina Healthcare, Inc.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported fourth quarter 2024 GAAP earnings per diluted share of $4.44 and adjusted earnings per diluted share of $5.05. The Company also reported full year 2024 GAAP earnings per diluted share of $20.42 and adjusted earnings per diluted share of $22.65. Financial results are summarized below:

Molina Healthcare, Inc. (NYSEMOH) today announced that its acquisition of ConnectiCare Holding Company, Inc. (“ConnectiCare”) closed effective as of February 1, 2025. At closing, ConnectiCare served approximately 140,000 members across Marketplace, Medicare, and certain commercial products.

Molina Healthcare, Inc. (NYSEMOH) today announced it will issue its earnings release for the fourth quarter and year ending December 31, 2024, after the market closes on Wednesday, February 5, 2025, and will host a conference call and webcast to discuss the earnings release on Thursday, February 6, 2025, at 8:00 a.m. Eastern Time. To access this interactive teleconference, dial (877) 883-0383 and enter the confirmation number, 6464707. A telephonic replay of the conference call will be available through Thursday, February 13, 2025, by dialing (877) 344-7529 and entering the confirmation number, 2353454.

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) announced today that the Michigan Department of Health and Human Services (MDHHS) has awarded a contract to Molina’s health plan subsidiary, Molina Healthcare of Michigan, to provide a Highly Integrated Dual Eligible Special Needs Plan (HIDE SNP). This new award follows the initial notice of intent to award the HIDE SNP contract announced by the MDHHS on October 9, 2024, and subsequently cancelled on November 8, 2024. The new benefit plan, MI Coordinated Health, will be available to individuals enrolled in both Medicare and Medicaid. Molina confirmed it was awarded the contract in eleven service regions – Michigan’s entire lower peninsula. Molina currently serves two regions in the existing Michigan Health Link program, the state’s current platform for serving dual eligible members.

Molina Healthcare of Michigan (“Molina”) has created a program in partnership with Instacart providing 600 pregnant plan members with Instacart+ memberships and Instacart Health Fresh Funds grocery stipends to increase healthy food access to reduce birth outcome disparities. Through the program, expectant moms identified as facing food insecurity receive 18 months of Instacart+, offering online grocery shopping and free delivery from grocers on Instacart for pre-selected members identified as having specific social needs. The partnership is a part of Molina’s multi-faceted effort to improve equity for underserved populations throughout Michigan.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today announced the closing of its previously announced offering of $750 million aggregate principal amount of 6.250% senior notes due 2033 (the “Notes”) sold in a private offering to individuals reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain persons outside the United States in reliance on Regulation S under the Securities Act.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today announced that it priced $750 million aggregate principal amount of its 6.250% senior notes due 2033 (the “Notes”) to be sold in a private offering to individuals reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain persons outside the United States in reliance on Regulation S under the Securities Act. The offering is expected to close on or about November 18, 2024 (such actual closing date, the “Settlement Date”), subject to the satisfaction of customary closing conditions.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today announced that it intends to privately offer, subject to market and other conditions, $500 million aggregate principal amount of senior notes due 2033 (the “Notes”). The Company will make the offering pursuant to an exemption under the Securities Act of 1933, as amended (the “Securities Act”). The initial purchasers will sell the Notes only to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act and to certain persons outside the United States in reliance on Regulation S under the Securities Act (“Regulation S”).

The MolinaCares Accord (“MolinaCares”), in collaboration with Molina Healthcare of Florida (“Molina”), donated $75,000 in support of hurricane recovery efforts throughout the state. Molina employees have also volunteered on the ground with community partners to distribute food, hygiene products and cleaning supplies.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported third quarter 2024 GAAP earnings per diluted share of $5.65 and adjusted earnings per diluted share of $6.01. Financial results are summarized below:

Molina Healthcare of Nevada (“Molina”) has announced a $250,000 grant to Women’s Health Associates of Southern Nevada (“WHASN”), expanding access to obstetrics and gynecology (OB/GYN) services in Las Vegas. The partnership will support the recruitment of new physicians and advanced practice providers that will enhance access to high-quality OB/GYN care and improve outcomes for fetal and maternal health amid a severe shortage of this specialty care statewide.

The MolinaCares Accord (“MolinaCares”), in collaboration with Molina Healthcare of Nebraska (“Molina”), presented a $50,000 check to the Clyde Malone Community Center (“Malone Center”) in support of two programs focused on maternal and youth wellness. Half of the grant will help fund efforts to reduce Black infant and maternal mortality rates. The other half will provide resources for sports and wellness programs for BIPOC youth.

Molina Healthcare of Illinois (“Molina”), in collaboration with The MolinaCares Accord (“MolinaCares”), awarded a $250,000 grant to Ada S. McKinley Community Services in support of the Ada S. McKinley Community Mental Health Clinic. The clinic is a division of Insight Hospital and Molina funds will help boost comprehensive mental health care through the hiring of Community Based Clinicians (CBCs) who will provide outpatient therapy to Medicaid members.

Molina Healthcare of Ohio (“Molina”) announced an investment of $1.25 million to improve the health outcomes of members struggling with mental illness, substance use disorders and chronic conditions. The funding will accelerate the implementation of an integrated system of care model, led by the Ohio Behavioral Healthcare Provider Network (“OBHPN”), to connect multiple providers, hospitals, and social care organizations that will share data and best practices that improve health outcomes. Molina’s financial commitment will also enable OBHPN to hire and train community health workers that will directly engage with members and providers to ensure efficiency and continuity of care.

The Molina Healthcare Charitable Foundation (“MolinaCares”) in collaboration with Molina Healthcare of Michigan (“Molina”), presented a $25,000 grant to Playworks Michigan, a nonprofit that uses physical activity to help children build social and emotional skills. The donation will fund Playworks TeamUp+ programming for students at Davison Elementary-Middle School.

The MolinaCares Accord (“MolinaCares”), in collaboration with Molina Healthcare of New Mexico (“Molina”), has announced a $100,000 grant to Roya Health, an organization providing high-quality integrated behavioral health services to traditionally underserved populations, to support the launch of an outpatient behavioral health clinic in Albuquerque. Roya Health’s state-of-the-art, ADA-accessible facility will provide a comfortable, professional environment to increase a family-centered approach to adolescent mental health and behavioral health services for New Mexicans.

Molina Healthcare of Michigan (“Molina”) has partnered with the Area Agencies on Aging Association of Michigan (“4AMI”) and IMPART Alliance at Michigan State University to establish the Direct Care Worker HELP Fund to assist professionals pay for personal non-medical emergencies in an effort to support the direct care worker workforce and reduce turnover in the field. The $125,000 in Molina funds will be distributed through 4AMI, an organization responsible for advocacy, training, and education for the 16 Area Agencies on Aging across the state of Michigan, to the local chapters for allocation to direct care workers.

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) today announced it will issue its earnings release for the third quarter ending September 30, 2024, after the market closes on Wednesday, October 23, 2024, and will host a conference call and webcast to discuss the earnings release on Thursday, October 24, 2024, at 8:00 a.m. Eastern Time. To access this interactive teleconference, dial (877) 883-0383 and enter the confirmation number, 7014206. A telephonic replay of the conference call will be available through Thursday, October 31, 2024, by dialing (877) 344-7529 and entering the confirmation number, 5232318.

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) announced today that Senior Executive Vice President and Chief Financial Officer, Mark Keim, will assume an expanded role which will now include leadership of the Company’s Medicaid Health Plans and Marketplace business. His responsibilities as Chief Financial Officer of the enterprise remain unchanged.

Molina Healthcare of Ohio (“Molina”) awarded a $125,000 grant to the Center for Community Based Care (CCBC), the nonprofit foundation arm of the Ohio Council for Home Care & Hospice (OCHCH). The investment will fund efforts to address the shortage of nurses in home care and hospice settings and support a new hotline aiding Ohioans managing serious illnesses from home.

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) announced today that its Board of Directors has entered into a contract amendment with President and Chief Executive Officer, Joe Zubretsky, designed to secure Mr. Zubretsky’s tenure through at least the end of 2027. Zubretsky, 67, joined Molina as President and Chief Executive Officer in November of 2017.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported second quarter 2024 GAAP earnings per diluted share of $5.17 and adjusted earnings per diluted share of $5.86. Financial results are summarized below:

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) announced today that it has entered into a definitive agreement to acquire ConnectiCare Holding Company, Inc. (“ConnectiCare”), a wholly owned subsidiary of EmblemHealth, Inc. The purchase price for the transaction is $350 million, representing 25% of expected 2024 premium revenue of $1.4 billion.

Molina Healthcare, Inc. (NYSEMOH) (“Molina”) announced today that the Florida Agency for Healthcare Administration (AHCA) has awarded a new Medicaid managed care contract to Molina’s health plan subsidiary, Molina Healthcare of Florida, Inc. Under the contract award in Miami-Dade and Monroe Counties, Molina expects to serve approximately 90,000 Medicaid beneficiaries. The contract term is expected to commence on January 1, 2025, and to run through December 31, 2030.

Molina Healthcare of Texas (“Molina”) announced today that the Texas Department of State Health Services has appointed Dr. Lindsey Vasquez as a new member to the Texas Maternal Mortality and Morbidity Review Committee. Dr. Vasquez, a practicing OB-GYN, mother of four, and the director of maternal and women’s health for Molina Healthcare of Texas, is one of seven new committee members appointed and the only member from a managed care organization (MCO).

Molina Healthcare, Inc. (NYSEMOH) today announced it will issue its earnings release for the second quarter ending June 30, 2024, after the market closes on Wednesday, July 24, 2024, and will host a conference call and webcast to discuss the earnings release on Thursday, July 25, 2024, at 8:00 a.m. Eastern Time. To access this interactive teleconference, dial (877) 883-0383 and enter the confirmation number, 8508329. A telephonic replay of the conference call will be available through Thursday, August 1, 2024, by dialing (877) 344-7529 and entering the confirmation number, 5266367.

Molina Healthcare, Inc. (NYSEMOH) announced today that the Wisconsin Department of Health Services (DHS) intends to make an award for the purchase of services in its Geographic Service Region 5 to Molina Healthcare of Wisconsin.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported first quarter 2024 GAAP earnings per diluted share of $5.17 and adjusted earnings per diluted share of $5.73. Financial results are summarized below:

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) announced today that the Michigan Department of Health and Human Services (MDHHS) intends to award a Comprehensive Health Care Program contract to Molina’s health plan subsidiary, Molina Healthcare of Michigan. Molina confirmed it was awarded the contract in six service regions.

Molina Healthcare, Inc. (NYSEMOH) today announced details for the release of its results for the first quarter ending March 31, 2024.

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) announced today that its Virginia health plan subsidiary, Molina Healthcare of Virginia, was not selected as an awardee in the Commonwealth of Virginia’s Cardinal Care Managed Care program. The current contract is expected to continue into the summer of 2024. Molina Healthcare of Virginia currently serves approximately 140,000 members.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported fourth quarter 2023 GAAP earnings per diluted share of $3.70 and adjusted earnings per diluted share of $4.38. The Company also reported full year 2023 GAAP earnings per diluted share of $18.77 and adjusted earnings per diluted share of $20.88. Financial results are summarized below:

Molina Healthcare, Inc. (NYSEMOH) today announced details for the release of its results for the fourth quarter and year ended December 31, 2023.

Molina Healthcare, Inc. (NYSEMOH) today announced that its acquisition of Bright Healthcare’s California Medicare business closed effective as of January 1, 2024. At closing, Bright Healthcare’s California Medicare business served more than 109,000 members.

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) announced today that on December 13, 2023, the Company amended its purchase agreement for the acquisition of Bright HealthCare’s California Medicare business. The purchase price for the transaction, net of certain tax benefits, is reduced from the previously announced $510 million to approximately $425 million, and now represents 23% of expected 2023 premium revenue of $1.8 billion. As previously stated by Molina, the acquisition adds $1.00 per share to new store embedded earnings1 and is expected to close on or about January 1, 2024.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported third quarter 2023 GAAP earnings per diluted share of $4.21 and adjusted earnings per diluted share of $5.05. Financial results are summarized below: 

Molina Healthcare, Inc. (NYSEMOH) today announced details for the release of its results for the third quarter ending September 30, 2023.

Molina Healthcare, Inc. (NYSEMOH) today announced that its acquisition of My Choice Wisconsin (“MCW”) closed on September 1, 2023. As of June 30, 2023, MCW served over 44,000 members.

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) confirmed that the New Mexico Human Services Department (HSD) has announced its intention to award a Medicaid managed care contract to Molina’s New Mexico health plan, Molina Healthcare of New Mexico. The announcement by HSD follows its rescission of the cancellation of the Turquoise Care Request for Proposals made on January 30, 2023.

Molina Healthcare of Virginia (“Molina”) announced a new partnership with digital health platform Mae Health (“Mae”) to serve the maternal health needs of pregnant and postpartum Molina members.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported second quarter 2023 GAAP earnings per diluted share of $5.35 and adjusted earnings per diluted share of $5.65. Financial results are summarized below:

Molina Healthcare, Inc. (“Molina”) announced Aaron Dunkel will serve as plan president for Kansas. Dunkel will lead Molina’s efforts in preparation for the upcoming KanCare Medicaid request for proposal from the Kansas Department of Health and Environment.

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) announced today that it has entered into a definitive agreement to acquire 100% of the issued and outstanding capital stock of Brand New Day and Central Health Plan of California (collectively, the “CA Health Plans”), each of which is a wholly owned subsidiary of Bright Health Company of California, Inc (“BHCA”). Relevant transaction terms and features are as follows:

Molina Healthcare, Inc. (NYSEMOH) today announced details for the release of its results for the second quarter ending June 30, 2023.

Molina Healthcare, Inc. (NYSEMOH) (“Molina”) today announced that Jim Woys and Mark Keim have each been promoted to the position of senior executive vice president, effective May 15th. With this promotion, Woys also assumes the role of chief operating officer. Keim will continue as chief financial officer with expanded operational and growth-related responsibilities.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported first quarter 2023 GAAP earnings per diluted share of $5.52 and adjusted earnings per diluted share of $5.81.

Molina Healthcare, Inc. (NYSEMOH) today announced details for the release of its results for the first quarter ending March 31, 2023.

Molina Healthcare announced today that Terrisca Des Jardins has been appointed plan president for Molina Healthcare of Michigan (“Molina”).

Molina Healthcare, Inc. (NYSEMOH) (“Molina”) today announced that the Indiana Department of Administration has recommended that contract negotiations begin with Molina’s Indiana health plan, Molina Healthcare of Indiana, Inc. Under the proposed contract with the Indiana Family and Social Services Administration (FSSA), Molina Healthcare of Indiana is expected to provide risk-based managed care long term services and supports as part of the Indiana Pathways for Aging LTSS program pursuant to the request for proposal issued by FSSA on February 17, 2022.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported fourth quarter 2022 GAAP earnings per diluted share of $0.96 and adjusted earnings per diluted share of $4.10. The Company also reported full year 2022 GAAP earnings per diluted share of $13.55 and adjusted earnings per diluted share of $17.92. Financial results are summarized below.

Molina Healthcare, Inc. (NYSEMOH) today announced details for the release of its results for the fourth quarter and year ended December 31, 2022.

Molina Healthcare of New Mexico (“Molina”) announced today Dr. Darcie Robran-Marquez will serve as the health plan’s chief medical officer. Dr. Robran-Marquez has more than two decades of experience as a practicing physician, health care executive, and thought leader in Medicare and Medicaid services.

Molina Healthcare, Inc. (NYSEMOH) (“Molina”) confirmed today that the California Department of Health Care Services (“DHCS”) has announced the awards of Medi-Cal contracts to Molina Healthcare of California commencing on January 1, 2024.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported third quarter 2022 GAAP earnings per diluted share of $3.95 and adjusted earnings per diluted share of $4.36. Financial results are summarized below:

Molina Healthcare, Inc. (NYSEMOH) today announced that its acquisition of AgeWell New York’s Medicaid Managed Long Term Care (MLTC) business closed on October 1, 2022. As of September 30, 2022, AgeWell New York’s MLTC business served approximately 13,000 members.

Molina Healthcare, Inc. (NYSEMOH) (“Molina”) today announced that its health plan subsidiary, Molina Healthcare of Nebraska, has been selected by the Nebraska Department of Health and Human Services (DHHS) to provide health care services to Nebraskans under the state’s Medicaid managed care program.

Molina Healthcare, Inc. (NYSEMOH) today announced details for the release of its results for the third quarter ended September 30, 2022.

Molina Healthcare, Inc. (NYSEMOH) (“Molina” or the “Company”) confirmed that the Iowa Department of Health and Human Services (HHS) has announced its intent to award Molina’s Iowa health plan a Medicaid managed care contract pursuant to the Request for Proposal issued by HHS on February 17, 2022.

Molina Healthcare, Inc. (NYSEMOH) (“Molina”) announced that its Mississippi health plan subsidiary has been notified by the Mississippi Division of Medicaid (DOM) of its intent to award a Medicaid Coordinated Care Contract for its Mississippi Coordinated Access Program (MississippiCAN) and Mississippi Children’s Health Insurance Program (CHIP) pursuant to the Request for Qualifications issued by DOM on December 10, 2021.

The MolinaCares Accord (“MolinaCares”), in collaboration with Passport Health Plan by Molina Healthcare (“Passport by Molina”), has committed to donate $100,000 to the Governor’s Team Eastern Kentucky Flood Relief Fund and the Foundation for Appalachian Kentucky to support communities affected by the deadly flooding in eastern Kentucky.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported second quarter 2022 GAAP earnings per diluted share of $4.25 and adjusted earnings per diluted share of $4.55. Financial results are summarized below:

Molina Healthcare, Inc. (NYSEMOH) (“Molina”) announced today that it has entered into a definitive agreement to acquire substantially all the assets of My Choice Wisconsin (“MCW”). The purchase price for the transaction is approximately $150 million, net of expected tax benefits and required regulatory capital.

Molina Healthcare, Inc. (NYSEMOH) today announced details for the release of its results for the second quarter ended June 30, 2022.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported first quarter 2022 GAAP earnings per diluted share of $4.39 and adjusted earnings per diluted share of $4.90. Financial results are summarized below:

The MolinaCares Accord (“MolinaCares”), in collaboration with Molina Healthcare of Michigan (“Molina”), is supporting the Early Childhood Investment Corporation’s (ECIC) Think Babies Michigan initiative, aimed at improving the lives of babies and toddlers. The $100,000 donation will help fund grants for community organizations focused on parent-led early childhood initiatives.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today reported fourth quarter 2021 GAAP earnings per diluted share of $1.74 and adjusted earnings per diluted share of $2.88. The Company also reported full year 2021 GAAP earnings per diluted share of $11.25 and adjusted earnings per diluted share of $13.54. Financial results are summarized below:

The MolinaCares Accord (“MolinaCares”), in collaboration with Molina Healthcare of Illinois (“Molina”), awarded a total of $100,000 to 10 students across Illinois through the MolinaCares COVID-19 Vaccine Scholarship Program.

Molina Healthcare, Inc. (NYSEMOH) today announced details for the release of its results for the fourth quarter and year ended December 31, 2021.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today announced that its acquisition of Cigna’s Texas Medicaid contracts closed on January 1, 2022. As of November 30, 2021, Cigna’s Texas Medicaid business served approximately 50,000 members.

The MolinaCares Accord (“MolinaCares”), in collaboration with Passport Health Plan by Molina Healthcare (“Passport”), is donating $200,000 to the Governor’s Tornado Relief Fund in support of residents throughout Kentucky who are being impacted by the deadly tornadoes that struck the state.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today announced the closing of its previously announced offering of $750 million aggregate principal amount of 3.875% Senior Notes due 2032 (the “Notes”) sold in a private offering to individuals reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain persons outside the United States in reliance on Regulation S under the Securities Act.

The MolinaCares Accord (“MolinaCares”), in collaboration with Molina Healthcare of Mississippi (“Molina”), is donating $50,000 to deploy dedicated food and nutrition educators in 12 Delta-area schools through its partnership with FoodCorps.

Molina Healthcare (“Molina”) today announced the appointment of Jack Stephenson as plan president of Molina Healthcare of New York. Stephenson will lead Molina Healthcare of New York in a period of significant growth with its acquisitions of YourCare, Senior Whole Health, and Affinity since 2019.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today announced that it priced $750 million aggregate principal amount of its senior notes due 2032 (the “Notes”) to be sold in a private offering to individuals reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain persons outside the United States in reliance on Regulation S under the Securities Act. The offering is expected to close on or about November 16, 2021 (such actual closing date, the “Settlement Date”), subject to the satisfaction of customary closing conditions.

Molina Healthcare, Inc. (NYSEMOH) (the “Company”) today announced that it intends to privately offer, subject to market and other conditions, $750 million aggregate principal amount of senior notes due 2032 (the “Notes”). The Company will make the offering pursuant to an exemption under the Securities Act of 1933, as amended (the “Securities Act”). The initial purchasers will offer the Notes only to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act and to certain persons outside the United States in reliance on Regulation S under the Securities Act (“Regulation S”).