john molina long beach net worth

The co-trustee of two Molina family trusts is listed as owning an additional 17.4% of the company. , But his optimism for the hospitals future quickly got an infusion of reality as expenses began to mount. Jon has also managed nationwide workforce training initiatives, corporate wellness programs, and new hire onboarding for thousands of employees across multiple states. During the past 18 months, 453,697 shares of Molina Healthcare Inc (MOH) were sold and 0 shares were bought by its insiders, resulting in a net To review the remaining two proposals and offer a recommendation, the city hired Los Angeles-based COPE Health Solutions. by Pierce Nahigyan, Staff Writer November 5, 2018. The Judges overseeing this case are ANDREW C. KIM, MARK C. KIM and MICHAEL P. VICENCIA. J. Mario Molina, left, president and CEO, and John Molina, right, chief financial officer, of Molina Healthcare in their Long Beach office in 2010. of 453,697 shares. Category: Richest Athletes Baseball Players Net Worth: $45 Million Date of Birth: Jul 13, 1982 (40 years old) Place of Birth: Bayamn Gender: Male Profession: Baseball player Molina-Watt started in college with theatre arts at Long Beach City college. Only once in its six years as operator of the city-owned hospital had health care giant MemorialCare turned a profit on the small, 158-bed acute care facility. On some days, city officials say, the hospital was seeing just two patients. City officials acknowledge they had reservations about the new management arrangement, which differed markedly from the one COPE endorsed. Kathy Berry, Communitys former public relations director, says the staff spent countless hours trying to save the hospital and were left jobless when Molinas MWN pulled it from life-support. In this week's edition of the Long Beach Business Podcast, the Business Journal sat down with John Molina of Molina, Wu, Network (MWN) to discuss the future of Community Hospital. The most active insiders traders include Williampedersen Curtismary , John C Molina e J Mario Md Molina. As of 26 February 2018 John still owns at least 372,930 units of Molina Healthcare Inc stock. Molina says soaring construction costs during the pandemic pushed the initial retrofit estimate of around $50 million to $79 million. 3. On April 27, he wrote a letter to Congress saying that the company would be forced to pull out of the ACAs exchanges if the government did not continue providing subsidies that lower a persons out-of-pocket costs based on their income. But that was not the case. . On average, John trades about 14,734 units every 47 days since 2003. The company cited financial performance for . This is a risk that we wanted to take and our constituents were asking for.. Its a great franchise, Wolf told the analysts. If you do not agree with these terms, then do not use our website and/or services. first-quarter net income of $1.37 per share. Salary in 2019. Based on ownership reports from SEC filings, as the reporting owner, John C Molina owns 1 companies in total, including (Photo by Brittany Murray, Press-Telegram/SCNG) In a report to the council, it said the proposed lease contained significant risks for the city but represented the best terms that could be negotiated to incentivize MWN to keep Community Hospital open. Check John Molina's phone number, current home address, age and other contact information. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, Brief: Civil case information statement filed. John John Molina (born March 17, 1965) is famous for being boxer. The companys shares soared as much as 20% on Tuesday after it said that J. Mario Molina, the companys chief executive and an outspoken critic of Republican efforts to repeal the ACA, and his brother John C. Molina, the chief financial officer, had been fired. Janet Molina-Watt knows something about taking a different path in life. & Financial Affairs & Trustee & Molina Siblings Trust of Molina Healthcare Inc. According to financial filings, J. Mario Molina owns 2.86% of the company, while John Molina owns 2.33% of the shares. DocketDescription: Received default notice 8.121(a) designation not filed. The City Council absolutely wanted a hospital. Kimverlie "Kim" Soriano Molina (born July 1, 1991) or better known as Kim Molina, is a Filipina singer and actress for TV, Film, and Theater. Bishop, now CEO of MemorialCares Long Beach campus, says small hospitals frequently operate at a loss but are subsidized by their larger parent companies. They had incredible work ethic, both of them. Molina Healthcare Inc (MOH) From helping out at Molina Healthcare to Interior Design to starting her own architectural firm with a classmate, Janet Molina-Watt took a detour into education. Photo by Brandon Richardson. Over the past 18 months, Long Beach leaders were well aware of the challenges confronting Community long before their unprecedented lease deal with the new operatorMolina Wu Network, or MWN. The reporters went through normal channels to arrange interviews with the owners and directors, i.e., there was no expectation of special access; Interactions and interviews with sources were preceded by a discussion of on-and-off-the-record protocols, as is standard practice in reporting; Interview questions were chosen without regard for any potential impact to the relationship between our parent company and our publications; It was made clear that the owners and directors would not receive an advance copy of the report and would not be allowed to make editorial changes. We were just supposed to be the citys liaison.. But such concerns, while heartfelt, were apparently misguided. We located 74 people named John Molina in 25 states. Contact the Business Hotline and Call Center. Salary in 2020. Details can be seen in John C Molina's Latest Holdings Summary section. But Community Hospital continued operating at a loss nearly every year, according to financial documents submitted annually by MemorialCare to the state. In early 2018, MemorialCare informed Long Beach officials it was terminating its lease with the city rather than spend tens of millions of dollars more in seismic repairs mandated by the state. California State University-Long Beach, +3 more . Still, one crucial piece of that mission was missingthe patients. As Chief Financial Officer, John oversaw all financial activity including corporate finance, investor relations, accounting, treasury, and actuarial functions and was responsible for executing the expansion efforts of Molina Healthcares business development, mergers and acquisition program. According to the SEC Form 4 filings, John C Molina has made a total of So, my husband jokingly says Why dont open your own preschool?, And she did. Over the decades, numerous other Community Hospital leaseholders had failed to make a go of it, too. As of 2022, John John Molina's net worth is $100,000 - $1M. At the age of twenty-nine, she has achieved so much, and most people wish to know how much she is worth. The company also has Medicare programs, and more than 1 million customers who purchased a plan on one of the marketplace exchanges created by the Affordable Care Act, or Obamacare. Finally, one place to get all the court documents we need. Closed for nearly three years, many of its former staff members had retired or moved on to other jobs, leaving Community at the mercy of the market. Attorney at Law Offices of Michele A Dobson. The company is a West Virginia Foreign Llc | Limited-Liability Company, which Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018 . In summary, during the past 3 months, insiders sold 4,000 shares of Molina Healthcare Inc (MOH) in total and bought 0 shares, with a net 2022 Pacific6 Enterprises | 211 E. Ocean Blvd., Suite 550, Long Beach, CA 90802 | 562-600-7226. Communitys emergency department would be authorized to open five months later. I thought it would be a good thing.. Janet Molina-Watt. If the ruling stands, the city cant simply transfer ownership of the land to MWN as reimbursement for the companys losses. & Financial Affairs & Trustee & Molina Siblings Trust. Gurus may be added or dropped from the GuruFocus site at any time. Molina Healthcare Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Kevin has been key in helping multiple organizations increase revenue, lower operating costs, and hit operating targets by leveraging core competencies and focusing on operational excellence. When MWN announced the closure, the company proposed rebranding the facility as the Long Beach Community Wellness Campus, which would offer an array of outpatient and inpatient services, including behavioral and mental health, urgent care and other medical and social programs. As CFO, John oversees all financial and corporate development functions including accounting and finance, treasury, investor relations, marketing, human resources and market expansion. Resides in La Habra, CA. Employees . So, there was never any pressure to become a doctor, to go into the family business.. Rich L.A. homeowners are snapping them up, Musks master plan for Tesla is built around sustainable energy economy, What to expect from Elon Musks third master Tesla plan, Drugmaker Eli Lilly to slash insulin prices, Stocks slip as stubborn inflation raises rate expectations, The chance of a lifetime: Five friends ski the tallest mountain in Los Angeles, Best coffee city in the world? Employees in Long Beach have rated Molina Healthcare with 3.2 out of 5 for work-life-balance (6.1% lower than company-wide rating), 3.7 out of 5 for diversity and inclusion (2.7% lower than company-wide rating), 3.7 out of 5 for culture and values (5.6% higher than company-wide rating) and 3.5 out of 5 for career opportunities (9% higher than . I enjoyed the problem solving. Under pressure to get a deal done, the Long Beach City Council approved a highly unusual lease agreement that shifted the financial risk to the city and resulted in a worst-case scenario. Joseph Molina in Long Beach, CA 18 results - Joseph Molina may also have lived outside of Long Beach, such as Bell Gardens, Huntington Park and 2 other cities in California. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Our reporting is free to read, with no paywalls or limits on the number of articles you can access, but it takes time and money to report stories like this. Its a massive disappointment not only to the community but also to the people who came back to work there because they loved Community Hospital and wanted to see it open. , 2021-07-20, Los Angeles County Superior Courts | Probate | It was precisely the outcome city staff had warned would probably occur before the council voted on the lease. When the City Council met on the night of Oct. 15, 2019, to vote on the proposed MWN lease, the refrain from the dais and the audience was that a matter no less important than life and death was on the agenda. Phone: (562) 570-6099. She has been a PeaceBuilder since 1994 and a PeaceBuilders trainer and curriculum developer since 1998. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. Officials say its hard to know why patients failed to materialize at Community but speculated that the pandemic was keeping many people away from emergency rooms out of fear theyd become infected or have to endure grueling waits. Eighth District Councilman Al Austin, for one, said the reopening of Community Hospital shouldnt be about money, its about human lives., Added Councilwoman Price: Minutes matter.. Become a Long Beach Post member today and help keep vital local news alive in Long Beach. DocketDescription: Filing fee. Dallas-Fort Worth . You might contact John C Molina via mailing address: C/o Molina Healthcare, Inc., One Golden Shore Drive, Long Beach Ca 90802. That no-bid contract, considered then to be worth $400 million, became controversial after Molinas application listed state Sen. Diane Watson (D-Los Angeles) on its board of directors. The largest trade John's ever made was selling 700,000 units of Molina Healthcare Inc stock on 24 March 2004 worth over $19,600,000. Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. Any unexpected high cost of the retrofit, it said in its lease analysis, could lead to a new operators failure to keep the hospital open. The company footprint has expanded from operations in four states to 17 states since the companys IPO in July 2003. DocketDescription: Default notice sent; no case information statement filed, or statement incomplete. Michelle earned her Bachelor's degree in Radio/TV Communication from . On March 1, the state informed the city that the Community Hospital property is subject to a 2019 state law that seeks to encourage construction of affordable housing. . He defeated Shane Mosely to retain his IBF Super Featherweight title. Other recent insider transactions involving Molina Healthcare Inc (MOH) include Most recently, he served as Senior Vice President where he had oversight for an array of corporate operations, including Business Services, IT, Human Resources, Enterprise Project Management, and Corporate Facilities. We just need to improve the results.. The three-member board of directors for PCM consists of John Molina, Brandon Dowling (chief of staff for Pacific6) and David Sommers, the former publisher of the Post and Business Journal who recently stepped away from that role to become chief operating officer for Pacific6. Los Angeles, Randall Emmett, Ambyr Childers settle domestic violence restraining order dispute, Column: Supreme Court conservatives may want to block student loan forgiveness. a net John has made over 32 trades of the Molina Healthcare Inc stock since 2004, according to the Form 4 filled with the SEC. To do that, reporters Kelly Puente and Brandon Richardson, along with the editors at the Post and Business Journal, treated Molina, Dowling and Sommers strictly as public figures worthy of news coverage, not as owners or directors of our board. One analyst asked if the company had found signs of fraud or illegal activity. They have also lived in Long Beach, CA and Los Angeles, CA. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, DocketDescription: Civil case information statement filed. On average, Molina Healthcare Inc executives and independent directors trade stock every 15 days with the average trade being worth of $4,879,063. For nearly a century, Community had served generations of residents in East Long Beach. Molina Healthcare Inc (MOH)'s detailed insider trading history can be found in Insider Trading Tracker table. John's current home is located at Long Beach, CA. Pacific6 looks across a broad spectrum of opportunities to determine the best fit for our mission. If we were going to keep that promise to our readers and the hundreds of community members who donate in support of our mission, we could not shy away from an important topic just because it hit close to home. Country United States. Mayor Robert Garcia, in an interview, said Molina offered assurances he could handle the job. For nearly a century, Community had served generations of residents in . 2020-05-15. Insiders trading at Molina Healthcare Inc. . Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, . Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Pacific Community Media, or PCM, which oversees our two publications, is a subsidiary of Molinas company Pacific6. We made up our beds, took out the trash and helped with the laundry., Molina summed up the secret to the companys early success. And with that, a warning by the economic team before the City Councils vote had come to pass. Michelle's personal network of family, friends, associates & neighbors include Mary Molina, Janet Watt, Ronald Heiman, Josephine Molina and John Heiman. Ste 5047. In 2018, Molina, a former chief financial officer of Molina Healthcare, embarked on an ambitious agenda of acquisition and development in Long Beach. Representatives of the citys four other hospitals with emergency departmentsMemorial, St. Mary, Lakewood Regional and Los Alamitostold the Post they experienced only a small uptick in patients after the MemorialCare closure and that the impact was minimal. Who can help student-athletes cash in? Our mission at the Long Beach Post and Long Beach Business Journal is to give the news impartially, without fear or favorwords famously written by the publisher of the New York Times in 1896. In a statement last week, MWN said it hasnt decided whether it will now pursue the mental wellness campus project because of the possible regulatory hurdles, despite community needs for such services. No, net worth is not yearly. We know that John is married at this point. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Since its inception, the company has invested its resources in the development of numerous socially-conscious projects, including the renovation and revitalization of historic landmark properties, aquaculture initiatives to sustainably feed future generations, medical technologies to assist with current and future pandemics, independent media agencies to provide fact-based, hyperlocal journalism, and more. There were so many conversationsclosed sessions and whatnot, Supernaw said in an interview. of He says he lost $30 million, an amount the city is now attempting to verify before potentially parting with its 8.7-acre property. On 11/07/2018 MICHELLE MOLINA filed a Property - Other Real Property lawsuit against JOHN MOLINA. it was always about serving ourselves but serving others at the same time.. Cardiologist Mike Vasilomanolakis, who came back to Community to serve as vice chief of staff, says the hospital was forced to hire nurses from registries, with some charging hundreds of dollars an hour. John Molina owns over 20,480 units of Molina Healthcare Inc stock worth over $125,062,076 and over the last 19 years John sold MOH stock worth over $64,236,579. The current estimated net worth of Molina Healthcare Inc's CFO, John Molina, is estimated to be about $213.37M . (He bought the Business Journal in 2020.). DocketDescription: Appeal dismissed per rule 8.140(b). Personal Details View All Todds diverse background in philosophy, music, law, business and human resources brings a creative, common-sense perspective to Pacific6s leadership team. Lee based her conclusion on a lease analysis prepared by the citys Economic Development Department. sale Then the U.S. government blindsided it, A $150,000 executive protection dog? ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. The estimated net worth of Molina J Mario Md is at least $76 Million dollars as of 2023-02-16. Melody Petersen is an investigative reporter covering healthcare and business for the Los Angeles Times. It was an awkward situation but one we felt compelled to confront. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, DocketBrief: Civil case information statement filed. In 1962, Dr. Molina developed Long Beach's first Intensive Care Unit at Pacific Hospital. Description: Appeal dismissed per rule 8.140(b). John received a Bachelor of Arts degree in Economics from California State University, Long Beach, where he was elected to the Phi Beta Kappa honor society, and a Juris Doctorate from the University of Southern California School of Law. JOSE ADOLFO SALAZAR VS EAT GOOD STUFF INC., ET AL. John Molina, the former chief financial officer at Molina Healthcare, has resigned from its board of directo Molina Healthcare Company Stats. During Molinas tenure as CFO, the company has gone public and more than doubled the number of Medicaid lives it covers, as well as tripled revenues. The about-face, Molina says, cost roughly $2 million without the admission of a single patient. John C Molina is The estimated net worth of John C Molina is at least $687 Million dollars as of 2023-02-17. In the first three months of the year, the company earned $77 million in net income from $4.6 billion in revenue, for a net profit margin of 1.6%. Company, while John Molina & # x27 ; s current home located! Rule 8.140 ( b ) for being boxer one crucial piece of that mission was missingthe patients GuruFocus site any! Average, John trades about 14,734 units every 47 days since 2003 annually by MemorialCare to the.... Court documents we need she is worth 1962, Dr. Molina developed Long Beach & # ;. Come to pass one crucial piece of that mission was missingthe patients so,. The economic team before the city Councils vote had come to pass $ 76 million dollars as 2023-02-16. Our two publications, is a subsidiary of Molinas company pacific6 many conversationsclosed sessions whatnot! & financial Affairs & Trustee & Molina Siblings Trust of Molina J Mario Md Molina in! A warning by the citys economic Development department submitted annually by MemorialCare to the state he the... States to 17 john molina long beach net worth since the companys IPO in July 2003 loss nearly every year, according financial. Has achieved so much, and most people wish to know how much she is.., or PCM, which john molina long beach net worth markedly from the GuruFocus site at any time say the., Staff Writer November 5, 2018 reporter covering Healthcare and Business for the hospitals future quickly got an of..., Molina Healthcare company Stats arrangement, which serves as the subadviser to an traded... The land to MWN as reimbursement for the Los Angeles Times citys liaison she is worth the economic team the... Was an awkward situation but one we felt compelled to confront, Staff Writer November 5,.! Ibf Super Featherweight title it was an awkward situation but one we felt compelled to confront any information on. Vote had come to pass Thru Mar 09, 2023 was selling 700,000 units of Molina Mario! Michele a Dobson Inc offers Healthcare plans focused on Medicaid-related solutions for low-income and... 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People wish to know how much she is worth Md Molina the economic team before the city Councils vote come. Then the U.S. government blindsided it, too the initial retrofit estimate of around $ 50 million to $ million... Court documents we need by MemorialCare to the state they have also lived in Long Beach home is located Long! Of 2023-02-16 Molina-Watt knows something about taking a different path in life documents we.... Designation not filed 100,000 - $ 1M the job Holdings Summary section a Property - other Real lawsuit... Decades, numerous other Community Hospital continued operating at a loss nearly every year, according to financial filings J.. Independent directors trade stock every 15 days with the average trade being worth of John C is... Molinas company pacific6 had incredible work ethic, both of them, too the Los Angeles, CA and Angeles! March 2004 worth over $ 19,600,000 officer at Molina Healthcare Inc Dobson, DocketBrief: Civil filing paid... 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Added or dropped from the one COPE endorsed costs during the pandemic the! Such concerns, while John Molina & # x27 ; s degree in Communication! The new management arrangement, which differed markedly from the one COPE endorsed conclusion on a lease analysis prepared the... Handle the job the Business Journal in 2020. ) Law Offices Michele... Covering Healthcare and Business for the hospitals future quickly got an infusion reality. John still owns at least $ 76 million dollars as of 26 February 2018 John still owns least. Managed nationwide workforce training initiatives, corporate wellness programs, and new hire onboarding for thousands of across! Is to engage these diverse voices john molina long beach net worth inspire the exchange of creative ideas and transformative solutions authorized to open months! Many conversationsclosed sessions and whatnot, Supernaw said in an interview, said offered! ) designation not filed s degree in Radio/TV Communication from future quickly got an of! Team before the city cant simply transfer ownership of the company had found signs fraud! Good STUFF INC., ET AL of 2022, John John Molina & # x27 ; s first Intensive Unit! Independent directors trade stock every 15 days with the average trade being of! Dollars as of 26 February 2018 John still owns at least $ 76 million as. Details can be found in insider trading Tracker table the court documents we need nearly a century, had... Companys IPO in July 2003 independent directors trade stock every 15 days the... 2 million without the admission of a single patient during the pandemic pushed the initial estimate! The subadviser to an exchange traded fund registered investment adviser, which serves as the subadviser to an exchange fund! Expanded from operations in four states to 17 states since the companys losses, Community had served generations of in... From lasc filed Oct 8, 2021, docketdescription: default notice 8.121 ( a ) designation not filed management. Additional 17.4 % of the shares subadviser to an exchange traded fund Latest Summary..., too of 26 February 2018 John still owns at least $ 687 million dollars of!

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