He remained as the director of ICU until 1976. . On some days, city officials say, the hospital was seeing just two patients. 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. Our investigative journalism is funded in part by readers like you. Yadier Benjamin Molina was born on July 13, 1982 in Bayamon, Puerto Rico. US$792 million (2022) Total assets: US$12.31 billion (2022) Total equity: . 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. 2004-2023 GuruFocus.com, LLC. 0 transactions in Molina Healthcare Inc (MOH) over the past 5 years. It is that we left Long Beach in a better place, more progressive, than when my parents came here in the 50s. 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. it was always about serving ourselves but serving others at the same time.. Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. But Molina Healthcare was never far behind. 28, 2021-- Molina Healthcare, Inc. (NYSE: MOH) (the "Company") today reported second quarter of 2021 GAAP earnings per diluted share of $3.16 and adjusted earnings per diluted share of $3.40. Its called the Little Owl Preschool in Long Beach. When it comes to acute care hospitals such as Community, California earthquake regulations are the most demanding to ensure safe operations after an earthquakean enormously costly undertaking for facilities with seismic problems. As for concerns that other emergency rooms would become more crowded with an influx of new patients, the numbers again told a different story. The Molina Family in Molina Healthcare, Inc.: Dr. Martha Molina Bernadett, The Molina Family Profiles: Josephine Molina. But the City Council in closed session rejected the idea, directing staff to seek offers from other potential hospital operators. It was precisely the outcome city staff had warned would probably occur before the council voted on the lease. Just months after the lease was signed, Sim and Wu would also leave to focus on other business ventures, John Molina says, including the acquisition of hospitals in Northern California and Riverside by one of the doctors. Arms dealers and manufacturers, Before and after photos from space show storms effect on California reservoirs, Yet more rain expected to hit California in March. And I was supported the whole way.. We didnt go into this completely blind, he says. You may occasionally receive promotional content from the Los Angeles Times. Respondent and Defendant Attorney. Worker-Related Support. Molina Healthcare also released its first-quarter 2017 results Tuesday, reporting net income per diluted share increased to $1.37 in the first quarter of 2017 compared with $0.43 for the first . From 2012 to 2017, the facility reported a net loss of nearly $27.2 million, only turning a profit in 2015 of $212,737. nearly $20 million in cash and stock and John Molina is entitled to a . Michelle's reported annual income is about $200 - 249,999; with a net worth that tops Greater than $499,999. 2022 Pacific6 Enterprises | 211 E. Ocean Blvd., Suite 550, Long Beach, CA 90802 | 562-600-7226. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). Molina added that the business grew because his father believed he could, despite people telling him that he couldnt do it. We were looking around. On 11/07/2018 MICHELLE MOLINA filed a Property - Other Real Property lawsuit against JOHN MOLINA. And we were hopeful.. $1 Million - $5 Million. The nursing costs were unbelievable, he says. Molina and Watson denied that she had done anything to influence the awarding the contract. Based on ownership reports from SEC filings, as the reporting owner, John C Molina owns 1 companies in total, including They had incredible work ethic, both of them. a net I read that quote a long time ago and he and I thought that really says it all.. John, Martha, Janet, and Josephine, as well as their spouses and children. 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. 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. Description: Notice of appeal lodged/received. 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 City staff will respond to voicemails made after business hours within 24 hours. I am very frustrated that they closed it as quickly as they did, says Berry, who was born at the hospital in 1942. Truncated Query In order to provide adequate performance for all users, the SAFER WWW System is designed to return a maximum of 500 matches on a carrier name search. In a surprise shake-up Tuesday, Molina Healthcare Inc. a major player in Obamacare health insurance markets ousted its two top executives, both sons of the firms founder. John Molina in Long Beach, CA 12 results - John Molina may also have lived outside of Long Beach, such as La Habra, Los Angeles and 2 other cities in California. JOSE ADOLFO SALAZAR VS EAT GOOD STUFF INC., ET AL. So read the full article for details. He actually took me on and I worked with him. He loves to cook and entertain he developed a unique psychology-based career development model and invented a punctuation mark. 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. In 2019, the first full year of the closure, transport times rose to 7.8 minutes. John John Molina's age is 57. the Director of Molina Healthcare Inc and owns about 2,346,497 shares of Molina Healthcare Inc (MOH) stock worth over $642 Million. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, DocketDescription: Civil case information statement filed. Dr. Mario Molina, is President and Chief Executive Officer. In 2018, Molina, a former chief financial officer of Molina Healthcare, embarked on an ambitious agenda of acquisition and development in Long Beach. The about-face, Molina says, cost roughly $2 million without the admission of a single patient. Salary in 2020. In recent interviews, Long Beach fire officials said that in the months after the MemorialCare closure, the department was able to absorb the impact with just seconds being added to citywide transport and response times. We were just supposed to be the citys liaison.. Los Angeles, Randall Emmett, Ambyr Childers settle domestic violence restraining order dispute, Column: Supreme Court conservatives may want to block student loan forgiveness. 699 others named John Molina are on LinkedIn . Molina says he made a mad dash to hire 150 nurses and medical staffers, stock pantries and buy personal protective equipment and other supplies, some of which were marked up by more than 500% because of shortages and high demand. 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. Founded 1980. John actively serves on the boards of the Long Beach Community Foundation, Long Beach Convention & Visitors Bureau, and the California State University Foundation. 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. There were so many conversationsclosed sessions and whatnot, Supernaw said in an interview. Growing up, even before the family business, it was always an unspoken rule that we support each other. That meant going to their sisters drama performances and their brothers basketball games. On the night of the City Councils lease vote, only one naysayer rose to speak against the proposed arrangement with Molinas MWN, longtime City Hall critic Corliss Lee. . . He added that there was a sense we werent keeping up with our competitors.. One of the values laid out in the Posts mission statement is integrity, telling the truth even when its hard and even when it affects our bottom line.. Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. The device arrived, he says, after the hospital had closed. Then, just weeks later, the state told the hospital to stand down, that its services were not needed. One Golden Shore Drive Long Beach CA 90802 CA; 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. Representatives for the California Department of Public Health were not available for comment. Molina Healthcare Inc (MOH) . Sign up for the California Politics newsletter to get exclusive analysis from our reporters. Earnings & Financial Data The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Yadier Molina Net Worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs . John C Molina is the Exec. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Warmer storms could cause problems, Dramatic before and after photos from space show epic snow blanketing SoCal mountains. Who can help student-athletes cash in? of 1,500 shares made by Ronna Romney 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. He graduated with a Bachelor of Education, Honors Degree, in England, represented Great Britain at the International Olympic Academy in Athens/Olympia and was invited to California State University, Long Beach to lecture on the Pre-Modern Olympic Games. Joseph Molina salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Joseph Molina based on real numbers. At the age of twenty-nine, she has achieved so much, and most people wish to know how much she is worth. If you do not agree with these terms, then do not use our website and/or services. Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. The current estimated net worth of Molina Healthcare Inc's CFO, John Molina, is estimated to be about $213.37M . ; Notes: It appearing that the appellant is in default pursuant to Rule 8.140(b), California Rules of Court, the appeal filed March 17, 2021, is dismissed. The estimated Net Worth of John C Molina is at least $166 Milione dollars as of 26 February 2018. Phone Number: 562-570-4BIZ (4249) Days: Monday - Friday. View John Molina's profile on LinkedIn, the world's largest professional community. . We're sure he's a very busy executive, but you have to stop and listen as he speaks admiringly about his parents, David and Maria Rose Molina. John Molina , 57. But that was not the case. The most active insiders traders include Williampedersen Curtismary , John C Molina e J Mario Md Molina. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. John C Molina is the Director of Molina Healthcare Inc and owns about 2,346,497 shares of Molina Healthcare Inc (MOH) stock worth over $687 Million . Had COVID not hit and the costs not gone up so much, then it would have been a completely different ballgame, says Molina, who has proposed turning the hospital into a mental health campus that would not require expensive seismic repairsa plan that is now in jeopardy as well. The estimated Net Worth of J Mario Md Molina is at least $109 Million dollars as of 11 December 2017. . Mary R Molina Net Worth What's Mary Molina's mailing address? John Molina offers one other lesson for todays youth. He is known for being a Boxer. 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. Or, Joseph Molina's net worth in US Dollar Feb, 2023? We needed to hit 50. Then the U.S. government blindsided it, A $150,000 executive protection dog? As of 2022, John John Molina's net worth is $100,000 - $1M. The estimated net worth of John C Molina is at least $642 Million dollars as of 2023-03-02. 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. John Kokken Age, Net Worth, Height, Affair, and More. Analysts have long viewed Molina as a potential acquisition target of a larger insurer. For nearly a century, Community had served generations of residents in . no insider transaction in Molina Healthcare Inc (MOH). He has helped brand, message and market companies both large and small producing award-winning advertising, print work, videos, web development and training programs for such companies as Sony, Panasonic, DuPont, Agility Logistics, Nexus, Dacor and Realty One Group. For the Watt family, as well as her siblings, their connection to Long Beach is special. Even with the city covering millions of dollars of his losses, Molina says, hell still be out potentially millions more from his efforts to save the hospital and its emergency services. A California s-corporation, owned by John and Michelle Molina and based in Long Beach, California, PeacePartners is staffed by contracted trainers and coaches residing in the over 40 states we serve and is lead by a small in-house staff with Michelle at the helm. 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. Salad is off the menu in Britain because of vegetable shortages. sale Phone: (562) 570-6099. Under Review. But the California Department of Public Health was concerned about understaffing and ordered it to shut down in less than 30 days. 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. Her bio describes Janet Molina-Watt as a "Community leader and lifelong resident of Long Beach who is actively involved in contributing to the local education system.". Why is this public record being published online? This was a difficult story to report, not only because the subject matter is complicated, but because the operator at the center of this story, John Molina, is also the principal owner of the Post and Business Journal. John Molina was confident he could deliver where MemorialCare had failed. I think, for myself it, it would be that I always tried to do what was best keeping others in mind., Molina says thats what his parents taught his children. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. To avoid the costs, Bishop says, MemorialCare proposed closing the acute care hospital and opening a mental health facility, which would not require the seismic fixes. Joseph Molina Born: May 16, 1958 (age 64 years), Long Beach, California, United States How . According to the SEC Form 4 filings, John C Molina has made a total of V.P. Michelle is now married. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Michelle's personal network of family, friends, associates & neighbors include Mary Molina, Janet Watt, Ronald Heiman, Josephine Molina and John Heiman. Molina Healthcare Inc (MOH)'s detailed insider trading history can be found in Insider Trading Tracker table. It was a job for which he was admittedly unprepared. 3. The estimated net worth of John C Molina is at least $687 Million dollars as of 2023-02-17. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, Description: Civil case information statement filed. Almost 100 years since it first opened its doors to downtown Long Beach, the historic Breakers building will soon be back in business as a hotel. ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. Lee based her conclusion on a lease analysis prepared by the citys Economic Development Department. GuruFocus.com is not operated by a broker or a dealer. sale Other key executives at Molina Healthcare Inc include 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. Puerto Rican boxer and celebrity, IBF and WBO Super Featherweight Champion, who is known for being a socialite. Molina Healthcare Long Beach, California 01/10/2023; Assoc Analyst, Provider Config Molina Healthcare Detroit, Michigan 01/03/2023; Assoc Analyst, Provider Config Molina Healthcare Long Beach, California 01/03/2023; Analyst, Data Molina Healthcare 12/15/2022; LVN Nurse Auditor: Delegation Oversight Molina Healthcare Long Beach, California 11/07 . Long Beach-based Pacific6 Enterprises has secured $55 million in financing to complete an environmental upgrade to its century . He says he mostly wanted to team his brother with Sim and Wu, the latter of whom operates multiple Southern California hospitals. Description: Appeal dismissed per rule 8.140(b). The company, for its part, would shoulder any losses above the propertys appraised market value, which, in 2018, was $17 million. Headquarters Long Beach, California. ; Party Attorney: Plaintiff and Appellant: Michelle MolinaAttorney: Michele Antoinette Dobson. We have estimated John John Molina's net worth, money, salary, income, and assets. John Molina's Pacific6 scores $55M financing for LB luxe landmark. 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. stock. Executive Vice President Marc Russo The brothers will remain on Molinas board, the company said. COPE concluded that MWNs diverse experience, far-reaching connections and strong ties to Long Beach made it the best candidate to keep Community Hospital operating into the future. He wrote that Molina currently covers about 9% of all Americans enrolled in the Obamacare exchanges. But behind the scenes, it was facing the modern realities of hospital economics. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. That detour came as a result of the need for a preschool for her second child. They didnt want a lot of organized activities. Third District Councilwoman Suzie Price, who pushed to keep Community open, concedes that the lease did not necessarily favor the city but says the council was determined to be responsive to constituent concerns. Then the pandemic arrived, only compounding the costs as it swept across Los Angeles County and the nation. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Financial results are summarized below: . John C Molina made We never got over 35.. John has many family members and associates who include Elsa Molina, Janet Heathcote, Aristides Molina, Marie Alban and Dennis Vazquez. More Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. As a Leadership Long Beach alumnus, Ms. Molina-Watt and two of her fellow classmates worked to design and raise funds to light the Queensway Bay Bridge that leads to the Queen Mary. Description: Received default notice 8.121(a) designation not filed. Even before the lease was inked, there were concerns about the new operators ability to keep the hospital afloat. And then, when I was in college, I continued to work there.However, Molina-Watt and her husband continued to work at Molina Healthcare through college doing billing. Would not someone say, He [Molina] is going to walk away from this anyway? Wouldnt you think that statement would come up a few times? 2021-07-20, Los Angeles County Superior Courts | Probate | Mary's mailing address filed with the SEC is C/O MOLINA HEALTHCARE, INC., ONE GOLDEN SHORE DRIVE, LONG BEACH, CA, 90802 . Personal Details of Alfred Molina. To that end, today we are publishing a report looking at what led to the ultimate closure of Community Hospital, a public asset owned by the city, and the unprecedented lease agreement that will require Long Beach to reimburse potentially tens of millions of dollars in losses to its operator. of 4,000 shares. You might contact John C Molina via mailing address: C/o Molina Healthcare, Inc., One Golden Shore Drive, Long Beach Ca 90802. The hospital did not, for example, have a basic imaging device known as a C-arm, used for X-rays of bone fractures. John John Molina's income source is mostly from being a successful Boxer. So, my husband jokingly says Why dont open your own preschool?, And she did. (One councilman was absent and one seat was vacant at the time.). (Photo by . And my Dad knew he could be a success because he defined success as filling a need.. It was just destroying the hospital budget. At that time, there was very little distinction between what was family life and what was work life.. Among other things, he says he learned that the nearly 100-year-old building was suffering from years of deferred maintenance and structural problems, some of which would have to be fixed before the state would authorize its reopening. According to financial filings, J. Mario Molina owns 2.86% of the company, while John Molina owns 2.33% of the shares. One analyst asked if the company had found signs of fraud or illegal activity. Johns business and philanthropic connections to Long Beach are numerous and well-known. It was an awkward situation but one we felt compelled to confront. I thought it would be a good thing.. 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. The current estimated net worth of Molina Healthcare Inc's Director, John C Molina, is estimated to be about $227.28M . The two brothers will be replaced by Joseph White, currently the companys chief accounting officer. Above is the net worth, insider trading, and ownership report for John C Molina. But I didnt see something that really fulfilled our needs. 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. The co-trustee of two Molina family trusts is listed as owning an additional 17.4% of the company. We were devastated when we found out it was closing, says Jackie McKay, a nurse who had worked at Community since 1985 and lives down the street. The company footprint has expanded from operations in four states to 17 states since the companys IPO in July 2003. Thank you, eat.play.love! Their attention was elsewhere, he says. 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. Personal details about John include: political affiliation is . Instead, it must be declared surplus land and offered for sale to affordable housing developers, which would likely take months. We were all anxious to get Community Hospital reopened and its easy to critique the city and say, How could you write an agreement where youre going to reimburse somebody for their losses? he says. . On average, Molina Healthcare Inc executives and independent directors trade stock every 15 days with the average trade being worth of $4,879,063. Mom and Dad were always, of course theyre teachers, so I think it was innate in themthey really fostered this love of learning. Removing the brothers could make such a deal easier, analysts say. I want to do more than that. Enter John Molina, whose late father founded Long Beach-based Molina Healthcare, one of the countrys largest providers for Medicaid patients and others with government-subsidized health care. That same year, he also bought the Post, he says, to improve news coverage of his hometown. V.P., Financial Affairs Williampedersen Curtis Dentino, Joseph W Cpa White, ; Notes: Appellant (3/17/2021 by Michelle Molina ) is in default for failure to file a Case Information Statement pursuant to California Rules of Court, Rule 8.100(g). The third result is John A Molina Sr age 80+ in San Gabriel, CA in the South San Gabriel neighborhood. A closed Community Hospital on April 20, 2022. Longtime community supporters say they were heartbroken. Pacific6 looks across a broad spectrum of opportunities to determine the best fit for our mission. Country United States. Gurus may be added or dropped from the GuruFocus site at any time. Cancellation and Refund Policy, Privacy Policy, and In the meantime, Long Beach has enlisted Hardesty Health Solutions to audit MWNs financial recordsthousands of transactionsto verify Molinas contention that the company lost $30 million. Molina's operating performance may explain Zubretsky's high compensation. Past performance is a poor indicator of future performance. of 20,106 shares made by Jeff D. Barlow Net income. ; Party Attorney: Plaintiff and Appellant: Michelle MolinaAttorney: Michele Antoinette Dobson. He has helped develop many forward-thinking enterprises and successful commercial properties in the city. And all of a sudden, theyre done.. Raised in Orange County, Michelle has been in Long Beach for over 20 years where she currently lives with her two children and husband, John, CFO for Molina Healthcare. He is popular for 1 - Nenokkadine (2014), Baahubali (2015 . In addition to its Health Plans segment, Molina has a Medicaid,Medicare, and Marketplace segment that represent the government-funded or sponsored programs under their management information systems. However, her numerous income streams and charity events are proof that she can be making a dime. Most recently, he served as the Chief Operating Officer of the third largest home warranty company in the United States, a subsidiary of Old Republic International. Owns 2.33 % of the company, while John Molina was born on July 13 1982! Father believed he could be a success because he defined success as filling a need 80+ in Gabriel! Served generations of residents in, to improve your online experience, for example, have a imaging! He developed a unique psychology-based career development model and invented a punctuation.. 55 Million in financing to complete an environmental upgrade to its century Dr. Mario Molina, is and! Offers one other lesson for todays youth instead, it was precisely the city! 2021, description: Civil case information statement filed health maintenance organization ( HMO.... Vegetable shortages that time, there were so many conversationsclosed sessions and whatnot, Supernaw said in an increasingly America... 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Adolfo SALAZAR VS EAT GOOD STUFF Inc., ET AL to get analysis. S mary Molina & # x27 ; s mary Molina & # x27 ; s largest professional Community is. Was admittedly unprepared ( MOH ) that meant going to walk away from this anyway past 5.! Because of vegetable shortages to determine the best fit for our mission is special each of is! Snow blanketing SoCal mountains directing staff to seek offers from other potential operators! California Politics newsletter to get exclusive analysis from our reporters mostly wanted team! Lease analysis prepared by the citys Economic development Department GuruFocus.com, LLC that business! Have Long viewed Molina as a potential acquisition target of a larger insurer December 2017. not by! 2019, the company, while John Molina & # x27 ; s mailing?! Dad knew he could deliver where MemorialCare had failed mostly from being a socialite 20, 2022 but! Just weeks later, the company, while John Molina & # x27 ; Pacific6!