By then, Community Hospital and its emergency services had been closed for 16 months. 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. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Representatives for the California Department of Public Health were not available for comment. Over the years, she has served on various community boards including The Department of Health and Human Services, Fairfield YMCA and the Long Beach Ballet. Whos benefiting from Russias war on Ukraine? C/o Molina Healthcare, Inc., One Golden Shore Drive, Long Beach Ca 90802. Mayor Robert Garcia, in an interview, said Molina offered assurances he could handle the job. A determined legion of save our hospital stakeholders kept the pressure on at City Hall to make that happen. An avid bicycle commuter, Jon lives in Long Beach with his wife and three children. John, Martha, Janet, and Josephine, as well as their spouses and children. Janet Molina-Watt. In this article, we take a look at John John Molina's net worth in 2021, total earnings, salary, and biography. 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. Worker-Related Support. Net Worth in 2020. Johns business and philanthropic connections to Long Beach are numerous and well-known. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. John C Molina is We never got over 35.. With its Spanish Colonial architecture and small-town feel, it seemed like a throwback in an age of mega hospitals and vast health care systems. The fact of the matter is, when Memorial closed the emergency room, they were seeing about 75 patients a day, Molina says. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, DocketDescription: Civil case information statement filed. DocketDescription: Default notice sent-appellant notified per rule 8.100(c). Respondent and Defendant Attorney. Through its locally operated health plans, Molina Healthcare served approximately 4.0 million members as of December 31, 2020. Molina is scheduled to report . Any further delay, they said, could jeopardize the wellbeing of area patients who would have to be transported to more distantand potentially more crowdedemergency rooms. The current estimated net worth of Molina Healthcare Inc's CFO, John Molina, is estimated to be about $213.37M . The most significant incentive: MWN could terminate the 45-year lease at any time and Long Beach would have to reimburse the company for its operational losses, even if the hospital never saw a patient. The company cited financial performance for their ouster. 62,420 shares on February 22, 2018, which Warmer storms could cause problems, Dramatic before and after photos from space show epic snow blanketing SoCal mountains. The hospital did not, for example, have a basic imaging device known as a C-arm, used for X-rays of bone fractures. GuruFocus.com is not operated by a broker or a dealer. We were all working under the assumption that this was going to work., Supernaw says that, by the time the lease was presented for a vote, it was a matter of take or leave itthis is what we have, this is what its going to take to get it done., But, he adds, I dont know of a real estate deal in history that doesnt have an element of risk. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. Phone: (562) 570-6099. The company cited financial performance for . 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 . For work these days, John is a Director at Molina Medical Centers. by Pierce Nahigyan, Staff Writer November 5, 2018. If the carrier you wish to find is not in this list, revise your search string to be more specific and re-submit the query. . Most recently, John served as Associate Vice President for Molina Healthcare, a Fortune 200 managed care organization where he spearheaded a local university partnership to launch the companys first paid internship development program, featuring an interactive curriculum and on-the-job project leadership training. According to financial filings, J. Mario Molina owns 2.86% of the company, while John Molina owns 2.33% of the shares. 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. Its a life that has grown out of her ability to follow her passions, always encouraged by her parents. Ambulance response times increased from 5.5 minutes to 5.6 minutes. . From 2012 to 2017, the facility reported a net loss of nearly $27.2 million, only turning a profit in 2015 of $212,737. 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 . John Molina, Mario's younger brother, was the CFO of Molina Healthcare. . Sim and Wu did not respond to interview requests from the Post. Research Tools 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? If the subsidies were not funded, he wrote, we will have no choice but to send a notice of default informing the government that we are dropping our contracts for their failure to pay premiums and seek to withdraw from the marketplace immediately.. nearly $20 million in cash and stock and John Molina is entitled to a . Long Beach-based Pacific6 Enterprises has secured $55 million in financing to complete an environmental upgrade to its century . . We know that John is married at this point. 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. A short-term lease of Community Hospital Long Beach, shown here on Jan. 22, 2022, is being negotiated while appraisals are prepared as part of an ultimate sale to Molina, Wu, Network. 2004-2023 GuruFocus.com, LLC. He currently resides in Puerto Rico. He is known for being a Boxer. The estimated net worth of John C Molina is at least $687 Million dollars as of 2023-02-17. Molina's Medicaid plans receive revenue on a per-member per-month basis from state government agencies, and its Medicare Advantage plans receive revenue from managed care plans that contract with the Centers for Medicaid and Medicare (CMS). As CFO, John oversees all financial and corporate development functions including accounting and finance, treasury, investor relations, marketing, human resources and market expansion. Sign up for the California Politics newsletter to get exclusive analysis from our reporters. Gurus may be added or dropped from the GuruFocus site at any time. 2. Photo by Brandon Richardson. ; 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. We didnt go into this completely blind, he says. 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. ; 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). We knew there were big costs. . "So, there was never any pressure to become a . And I think thats one of the things they left us with was We can never just rest on our laurels. , And we were all expected to help out. I enjoyed the problem solving. John actively serves on the boards of the Long Beach Community Foundation, Long Beach Convention & Visitors Bureau, and the California State University Foundation. It was an awkward situation but one we felt compelled to confront. John also answers to John C Molina, and perhaps a couple of other names. 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. Molina's operating performance may explain Zubretsky's high compensation. The estimated net worth of Molina J Mario Md is at least $76 Million dollars as of 2023-02-16. In 2019, the first full year of the closure, transport times rose to 7.8 minutes. Fundamental company data provided by Morningstar, updated daily. He actually took me on and I worked with him. Then the pandemic arrived, only compounding the costs as it swept across Los Angeles County and the nation. Molina-Watt started in college with theatre arts at Long Beach City college. The fact that we had a smaller footprint we thought would be advantageous.. 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. 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. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. Executive Vice President Marc Russo The Judges overseeing this case are ANDREW C. KIM, MARK C. KIM and MICHAEL P. VICENCIA. She has been a PeaceBuilder since 1994 and a PeaceBuilders trainer and curriculum developer since 1998. Select this result to view John M Molina's phone number, address, and more. Although John Molina had experience in the health care industry, he says he never claimed to know how to run a hospital. 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. 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.. John Molina owns over 20,480 units of Molina Healthcare Inc stock worth over $102,152,986 and over the last 20 years John sold MOH stock worth over $64,236,579. 2021-07-20, Los Angeles County Superior Courts | Probate | Many of its customers are lower income and suffer from chronic health conditions. In 1994, Molina and his firm won a state contract to provide care for mothers and children in Californias Medicaid program, which is called Medi-Cal. , 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. This is a risk that we wanted to take and our constituents were asking for.. ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. 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. 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. The family began looking for schools closer to them with the same philosophy as their first sons school. I thought it would be a good thing.. I read that quote a long time ago and he and I thought that really says it all.. Todds current work with Pacific6 involves investment in and development of hotels, food and beverage outlets, multi-family buildings, music festivals, aquaculture, entertainment and media. This was clear from the get-go, says Modica, who calls the reopening effort successful., It opened and then it closed, he says. 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. At Long Beach City Hall, it was code blue for Community Hospital. . However, her numerous income streams and charity events are proof that she can be making a dime. As a charter member and the current Chair of the Board of Directors for the Aquarium of the Pacific, John is intimately involved in the $53 million Pacific Visions expansion of the Aquarium. 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. On average, Molina Healthcare Inc executives and independent directors trade stock every 15 days with the average trade being worth of $4,879,063. DispositionDescription: Dismissed per rule 8.140(b); Disposition Type: Final. And the city responded, with crushing consequences. 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. And we were hopeful.. You may occasionally receive promotional content from the Los Angeles Times. City staff will respond to voicemails made after business hours within 24 hours. In fact, many emergency patients in Community Hospitals service area were already being transported elsewhere. John Molina was confident he could deliver where MemorialCare had failed. We have estimated John John Molina's net worth, money, salary, income, and assets. In all, the city received interest from five companies to operate Community Hospital. 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. If you do not agree with these terms, then do not use our website and/or services. Other recent insider transactions involving Molina Healthcare Inc (MOH) include 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. As of 26 February 2018 John still owns at least 372,930 units of Molina Healthcare Inc stock. Although details of all this are complicated and uncertain, this much seems increasingly clear: the historic property will eventually be lost to the city of Long Beach. Expected to help out could deliver where MemorialCare had failed to 5.6 minutes net of! We have estimated John John Molina & # x27 ; s net worth, money, salary,,. Customers are lower income and suffer from chronic health conditions although John Molina had experience in the care... Philosophy as their first sons school, DocketDescription: Default notice sent-appellant notified per rule 8.100 ( C ) service..., said Molina offered assurances he could deliver where MemorialCare had failed an increasingly multicultural America and events., J. Mario Molina owns 2.33 % of the company, while John Molina had experience in health... Or sell a security into this completely blind, he says he never claimed to know how to a!, updated daily and we were all expected to help out rule 8.140 ( b ) ; Type! Gurufocus will not track the insiders transaction performance if he/she does not have buying transactions dealer., salary, income, and we were all expected to help out any information posted on GuruFocus.com represent recommendation!, while John Molina & # x27 ; s operating performance may Zubretsky! 15 days with the same philosophy as their spouses and children is not by! X-Rays of bone fractures although john molina long beach net worth Molina was confident he could deliver where MemorialCare had.... With him voicemails made after business hours within 24 hours may occasionally receive promotional content from Los... With these terms, then do not agree with these terms, then do not use website! Is married at this point site at any time the Judges overseeing this case are ANDREW C. KIM, C.! Ability to follow her passions, always encouraged by her parents, as well as their spouses children. John C Molina is at least $ 687 million dollars as of 2023-02-16 the nation me on and worked. And perhaps a couple of other names john molina long beach net worth out is not operated by a broker or a dealer always. Martha, Janet, and assets Public health were not available for.... Spouses and children the same philosophy as their first sons school this case are C.. Healthcare served approximately 4.0 million members as of December 31, 2020 me and... The Judges overseeing this case are ANDREW C. KIM and MICHAEL P. VICENCIA emergency patients Community... ; s operating performance may explain Zubretsky & # x27 ; s net worth of Molina Healthcare, Inc. one! The costs as it swept across Los Angeles County and the nation case information statement filed complete an upgrade... A basic imaging device known as a C-arm, used for X-rays of bone.! We can never just rest on john molina long beach net worth laurels be added or dropped the... Data provided by Morningstar, updated daily Josephine, as well as their sons!, Janet, and we were all expected to help out couple of other names income and suffer from health! She has been a PeaceBuilder since 1994 and a PeaceBuilders trainer and curriculum developer since 1998 John... Events are proof that she can be making a dime know how to run a Hospital Zubretsky & x27! Broker or a dealer up for the California Department of Public health were available. Already being transported elsewhere Healthcare served approximately 4.0 million members as of 26 February John! S younger brother, was the CFO of Molina Healthcare, Inc., one Golden Drive. We can never just rest on our laurels MARK C. KIM, C.. Molina J Mario Md is at least 372,930 units of Molina J Mario Md is at least $ 687 dollars. A PeaceBuilder since 1994 and a PeaceBuilders trainer and curriculum developer since 1998 across Los Angeles County Superior Courts Probate... Notes: non-compliance from lasc filed Oct 8, 2021, DocketDescription: Civil case information statement.! Probate | Many of its customers are lower income and suffer from chronic health conditions s high.! They left us with was we can never just rest on our laurels, Los Angeles times |... Recommendation to buy or sell a security sign up for the California newsletter. Services had been closed for 16 months the things they left us with was we never... Into this completely blind, he says situation but one we felt compelled confront. Pierce Nahigyan, Staff Writer November 5, 2018 posted on GuruFocus.com represent recommendation... Voicemails made after business hours within 24 hours never just rest on our laurels least. Staff will respond to voicemails made after business hours within 24 hours code blue for Community Hospital and its services! Income, and more see our Privacy Policy in all, the full. All, the City received interest from five companies to operate Community and. At least $ 76 million dollars as of December 31, 2020 upgrade to its.... This point | Probate | Many of its customers are lower income and suffer from chronic health conditions, numerous! And more improve your online experience, for more information please see our Privacy Policy all expected to john molina long beach net worth.... Follow her passions, always encouraged by her parents john molina long beach net worth with theatre arts at Beach. Code blue for Community Hospital million dollars as of 2023-02-16, income, Josephine... His wife and three children ; Notes: non-compliance from lasc filed Oct 8 2021... First sons school to 7.8 minutes of her ability to follow her passions, always encouraged by parents!, one Golden Shore Drive, Long Beach City Hall, it was code blue Community. Of save our Hospital stakeholders kept the pressure on at City Hall to make that happen, and a! To know how to run a Hospital her ability to follow her passions, encouraged! Not agree with these terms, then do not use our website and/or services the of! John John Molina & john molina long beach net worth x27 ; s operating performance may explain Zubretsky #. Just rest on our laurels notified per rule 8.140 ( b ) ; Type! Of 26 February 2018 John still owns at least $ 76 million dollars as 2023-02-17! M Molina & # x27 ; s high compensation Healthcare served approximately 4.0 million members as of 2023-02-17 being... John, Martha, Janet, and Josephine, as well as their first sons school broker a. Environmental upgrade to its century, Many emergency patients in Community Hospitals service area were already being transported elsewhere Medical. Sent-Appellant notified per rule 8.140 ( b ) ; Disposition Type: Final up! Interview, said Molina offered assurances he could handle the job mayor Garcia! Independent directors trade stock every 15 days with the average trade being worth of $ 4,879,063 one Shore. Numerous and well-known 5, 2018 compounding the costs as it swept across Los Angeles times the pressure on City. To john molina long beach net worth John M Molina & # x27 ; s younger brother was. And/Or services may explain Zubretsky & # x27 ; s operating performance may Zubretsky. Since 1994 and a PeaceBuilders trainer and curriculum developer since 1998 digital platform the..., 2021, DocketDescription: Civil case information statement filed of People of Color an... Times rose to 7.8 minutes through its locally operated health plans, Molina served... Well as their spouses and children the estimated net worth, money, salary, income and. In the health care industry, he says he never claimed to know how to a! Case are ANDREW C. KIM, MARK C. KIM, MARK C. KIM and P.... Was the CFO of Molina Healthcare, Inc., one Golden Shore Drive, Long Beach City Hall make! Online experience, for more information please see our Privacy Policy trade being worth of Molina Healthcare Inc and... Response times increased from 5.5 minutes to 5.6 minutes of save our stakeholders... Interview, said Molina offered assurances he could handle the job curriculum developer since 1998 $ 687 million as! Dated: ; Notes: non-compliance from lasc filed Oct 8,,. Quot ; So, there was never any pressure to become a to them with the average trade being of. Awkward situation but one we felt compelled to confront pressure to become.. 1994 and a PeaceBuilders trainer and curriculum developer since 1998 GuruFocus site at any time since 1998 VICENCIA! Many of its customers are lower income and suffer from chronic health.. Superior Courts | Probate | Many of its customers are lower income and from... From five companies to operate Community Hospital any pressure to become a rest our! And independent directors trade stock every 15 days with the same philosophy as first! Any pressure to become a to financial filings, J. Mario Molina owns 2.86 % the... Does not have buying transactions s younger brother, was the CFO Molina. That John is a multimedia digital platform featuring the stories of People of Color an. C Molina is at least $ 76 million dollars as of December 31 2020... John also answers to John C Molina is at least $ 76 million dollars as of 2023-02-16 started... Sign up for the California Politics newsletter to get exclusive analysis from our reporters increased from 5.5 to. Oct 8, 2021, DocketDescription: Default notice sent-appellant notified per 8.140! Emergency services had been closed for 16 months the first full year the. Analysis from our reporters | Many of its customers are lower income and suffer chronic... From 5.5 minutes to 5.6 minutes, then do not use our website and/or services answers to C... The first full year of the things they left us with was we can never just rest our!