Welcome to our dedicated page for Molina Healthcare news (Ticker: MOH), a resource for investors and traders seeking the latest updates and insights on Molina Healthcare stock.
Molina Healthcare, Inc. (NYSE: MOH) is a prominent Fortune 500 company dedicated to providing government-sponsored health care programs to families and individuals. The company partners with state governments to offer a broad range of quality health care services, specializing in Medicaid and Medicare plans.
Molina Healthcare operates through a network of subsidiaries structured as health maintenance organizations (HMOs), ensuring coverage and care to those in need. Currently, Molina serves members across multiple states, including California, Florida, Illinois, Michigan, New Mexico, Ohio, South Carolina, Texas, Utah, Washington, Wisconsin, as well as Puerto Rico. The company also manages primary care clinics in California, Florida, New Mexico, Washington, and Virginia, offering essential services such as prenatal care, immunizations, and flu shots.
The company operates in four key segments:
- Medicaid: Providing managed healthcare solutions for low-income families and individuals.
- Medicare: Serving the elderly and individuals with disabilities who qualify for government-sponsored programs.
- Marketplace: Offering health plans through government-sponsored exchanges.
- Others: Includes long-term services and supports consultative services in Wisconsin.
Molina Healthcare has been selected for several state duals demonstration projects, managing care for individuals eligible for both Medicaid and Medicare. The company generates the majority of its revenue from the Medicaid segment, reflecting its strong presence and expertise in this area.
With a focus on providing accessible and cost-effective healthcare, Molina Healthcare continues to grow and adapt, remaining committed to improving the health and well-being of the communities it serves.
Molina Healthcare (NYSE: MOH) announced its Ohio health plan has been awarded a Medicaid managed care contract by the Ohio Department of Medicaid (ODM) for all three regions in the state. The contract is expected to start in early 2022 and will provide coverage to approximately 3.0 million Medicaid beneficiaries, including families, expansion members, and the aged, blind, or disabled. Molina has served Ohio's vulnerable populations for over 15 years and looks forward to implementing innovative managed care approaches.
Molina Healthcare, Inc. (NYSE: MOH) will release its first-quarter earnings for 2021 on April 28, 2021, after market close. A conference call to discuss the results will be held on April 29, 2021, at 8:00 a.m. ET. Investors can participate by dialing (877) 883-0383 or access a live broadcast on the company's website. The healthcare provider serves approximately 4.0 million members through Medicaid and Medicare programs and state insurance marketplaces. More details are available at molinahealthcare.com.
Molina Healthcare reported a net income of $34 million ($0.56 per diluted share) for Q4 2020, with a full-year net income of $673 million ($11.23 per diluted share). Total revenue increased by 15% to $19.4 billion in 2020, driven by higher premium revenue from Medicaid membership and recent acquisitions. However, the impact of COVID reduced GAAP EPS by $2.30 per diluted share. Looking ahead, the company projects premium revenue growth exceeding 25% in 2021, with adjusted EPS guidance set between $12.50 and $13.00.
Molina Healthcare (NYSE: MOH) has successfully completed its acquisition of the Magellan Complete Care (MCC) business from Magellan Health, Inc. on December 31, 2020. Prior to the acquisition, MCC served around 200,000 members as of November 30, 2020. Molina Healthcare operates managed health care services under Medicaid and Medicare programs and is a FORTUNE 500 company, with approximately 4.0 million members as of September 30, 2020.
Molina Healthcare, Inc. (NYSE: MOH) will present at the 39th Annual J.P. Morgan Healthcare Conference on January 14, 2021, at 11:40 a.m. ET. The event will include a presentation followed by a Q&A session. The presentation will be broadcast live, with access available on the company's website, molinahealthcare.com. Listeners should log in 15 minutes early to register. A replay will be available for 30 days post-event. Serving about 4 million members under Medicaid and Medicare, Molina Healthcare is a FORTUNE 500 company.
Molina Healthcare, Inc. (NYSE: MOH) announced its upcoming fourth quarter and full-year 2020 earnings release scheduled for February 10, 2021, after market close. A conference call will follow on February 11, 2021, at 8:00 a.m. ET to discuss the results. Molina Healthcare serves approximately 4.0 million members through its Medicaid and Medicare programs as of September 30, 2020. The live conference call can be accessed through the company’s website, with a replay available for 30 days thereafter.
Molina Healthcare (NYSE: MOH) announces the retirement of CFO Tom Tran, effective February 2021. Mark Keim, currently EVP of strategic planning, will succeed him and enhance the company's growth strategy. Tran will assist in the transition until May 2021. Joe Zubretsky, CEO, commended Tran for his contributions, particularly in margin recovery. Keim brings a wealth of experience, having held senior roles at Aetna and GE Capital, making him a strong fit for the CFO position.
Molina Healthcare, Inc. (NYSE: MOH) has successfully closed a private offering of $650 million in 3.875% Senior Notes due 2030. The company will use approximately $346 million of the net proceeds to redeem its existing 4.875% senior notes due 2025, alongside related fees. The remaining funds will support general corporate purposes, including share repurchases and capital contributions to its health plan subsidiaries. The Notes will pay interest semi-annually and mature on November 15, 2030.
Molina Healthcare (NYSE: MOH) has priced $650 million of senior notes due 2030 in a private offering. The notes, bearing interest at 3.875% per year, are expected to close around November 17, 2020. The net proceeds, estimated at $641 million, will be primarily used to redeem $330 million of existing senior notes due 2025, with the remainder allocated for general corporate purposes, including debt repayment and acquisitions. The notes are not registered under the Securities Act and will not be guaranteed by the company's subsidiaries.
Molina Healthcare (NYSE: MOH) has announced its intention to privately offer $650 million in senior notes due 2030. This offering will target qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The company plans to use approximately $346 million of the proceeds to redeem its 4.875% senior notes due 2025, with the remainder allocated for general corporate purposes, including debt repayment and capital expenditures. The notes will not be guaranteed by subsidiaries at issuance.
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