In 1962, Dr. Molina developed Long Beach's first Intensive Care Unit at Pacific Hospital. DocketDescription: Received default notice 8.121(a) designation not filed. 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. Ste 5047. Purchased in November 2017 by Pacific6, an investment group made up of six Long Beach entrepreneurs, the hotel is slated to open in 2020. We needed to approach and evaluate this story like any other. Davids career began in education. J. Mario Molina, left, president and CEO, and John Molina, right, chief financial officer, of Molina Healthcare in their Long Beach office in 2010. At the age of twenty-nine, she has achieved so much, and most people wish to know how much she is worth. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). 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. John, with his father and family, built Molina Healthcare, Inc. from a fledgling start-up into a Fortune 200 company, serving nearly five million members and employing over 25,000 people nationwide. When MemorialCare, Long Beachs largest health care provider, assumed operations of Community in 2011, the hospital had been struggling for years and was on the verge of being shuttered. We were looking around. Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, . Many of its customers are lower income and suffer from chronic health conditions. Here we will discuss Alfred Molina Net Worth, Height, Weight, Age, Relation, Family, and more. John C Molina owns 2,346,497 shares of Molina Healthcare Inc (MOH) as of February 22, 2018, with a value of $642 Million. , Worker-Related Support. 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. 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. Molina Healthcare began as a family business and still is, to a large extent. Mary's mailing address filed with the SEC is C/O MOLINA HEALTHCARE, INC., ONE GOLDEN SHORE DRIVE, LONG BEACH, CA, 90802 . They were more interested in us doing things exploring., Janet Molina-Watt and her husband have talked about what legacy they want to leave behind. John C Molina is the Exec. Molina, Dowling and Sommers have no involvement in our day-to-day editorial operation and no mechanism to directly influence our coverage. John has made over 32 trades of the Molina Healthcare Inc stock since 2004, according to the Form 4 filled with the SEC. Their attention was elsewhere, he says. The company has tried to control costs by limiting its networks of doctors and hospitals, as well as sending members to its own clinics. Ambulance response times increased from 5.5 minutes to 5.6 minutes. of 4,000 shares. We had a great preschool for our first son and then when our daughter was ready to go and I was pregnant with our third one and I just couldnt drive that far.. Just like we did at home. Molina is scheduled to report . She expressed concerns that the deal could ultimately backfire, leaving East Long Beach with a closed hospital and the city with a pile of debt. I enjoyed the problem solving. Molina says soaring construction costs during the pandemic pushed the initial retrofit estimate of around $50 million to $79 million. In December, the new leaseholder closed Community after just 11 months, leaving Long Beach on the hook to repay millions of dollars for the operators losses, meaning the city will likely have to sell the multimillion-dollar hospital property that its owned since the early 1900s. (One councilman was absent and one seat was vacant at the time.). 3711 Long Beach Blvd. C/o Molina Healthcare, Inc., One Golden Shore Drive, Long Beach Ca 90802. Bob received both a Bachelor and Master of Arts degree in Mathematics from California State University, Long Beach and began his career teaching math at community colleges throughout southern California. 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. But the patient count also remained low because the hospital itself was turning people away or sending them elsewhere because of staffing shortages and a lack of equipment, Vasilomanolakis says. We have a saying Were not in this for ourselves alone. 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. 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. & Financial Affairs & Trustee & Molina Siblings Trust of Molina Healthcare Inc. 3. 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. 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. The most active insiders traders include Williampedersen Curtismary , John C Molina e J Mario Md Molina. Wherever the appraisals land, its unclear how Long Beach would reimburse MWN if, as the state contends, transferring the property directly is off the table. 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. 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. first-quarter net income of $1.37 per share. The company, for its part, would shoulder any losses above the propertys appraised market value, which, in 2018, was $17 million. John's mailing address filed with the SEC is , , , , . 2020-06-23, Los Angeles County Superior Courts | Labor | Chief Accounting Officer Maurice Hebert Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. We made up our beds, took out the trash and helped with the laundry., Molina summed up the secret to the companys early success. I enjoyed the creativity and the design., When she finished her degree, she decided she wanted more. US$792 million (2022) Total assets: US$12.31 billion (2022) Total equity: . In 2017, the last year MemorialCare operated Community Hospital, the average transport time was 7.3 minutes, according to fire officials. The current estimated net worth of Molina Healthcare Inc's Director, John C Molina, is estimated to be about $227.28M . 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. 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 Its a great franchise, Wolf told the analysts. Todds diverse background in philosophy, music, law, business and human resources brings a creative, common-sense perspective to Pacific6s leadership team. The fact that we had a smaller footprint we thought would be advantageous.. 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. 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. Molina Healthcare Company Stats. Jon is a strategic, multidisciplinary talent and program development leader known for driving innovation across an array of industries including automotive, aerospace, commercial real estate, and healthcare. We were hoping the city would do everything they could to save it.. On a conference call Tuesday afternoon, analysts asked Wolf why the board had removed the executives so abruptly. The city said it is still negotiating with the state. Ari Emanuel lets his AI alter ego open Endeavors earnings call. Whats going on? 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. Her love of education comes from her parents. Description: Filing fee. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. . ; Notes: Notice of appeal filed 3/17/2021 by Michelle Molina, DocketTrial Court Name: Los Angeles County Superior Court; County: Los Angeles; Trial Court Case Number: 18LBCV00047; Trial Court Judge: Kim, Mark, Los Angeles County Superior Courts | Family | Looking back, Councilman Daryl Supernaw, whose 4th District then included the hospital, says the economic team and other city officials failed to keep the council fully informed of the risks during the lease negotiations. Whos benefiting from Russias war on Ukraine? sale For nearly a century, Community had served generations of residents in East Long Beach. Founding Partner at Pacific6 Enterprises . Finally, one place to get all the court documents we need. DocketDescription: Default notice sent-appellant notified per rule 8.100(c). Have it from start to finish. So, she received her masters in Architecture at California State University, Pomona. And my Dad knew he could be a success because he defined success as filling a need.. Robert Bob Gordon joins Pacific6 with over two decades of experience in operations management, having served in a variety of senior roles at Molina Healthcare, a Fortune 200 managed care organization. Molina says state officials asked him in March 2020 whether he could reopen under an emergency status to handle non-COVID patients, thus easing the burden on hospitals that were overwhelmed with pandemic admissions. Based on ownership reports from SEC filings, as the reporting owner, John C Molina owns 1 companies in total, including His success results from a comprehensive understanding of the internal and external business environment, exceptional analytical skills, and the foresight to anticipate trends and position companies ahead of their competitors. John and the team felt very confident regardless of the change, the mayor says. But their heart was in the right place. 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 . 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. John C Molina around $5 Million. Watson helped oversee Medi-Cal as chairwoman of the Senate Health Committee. Michelle's reported annual income is about $200 - 249,999; with a net worth that tops Greater than $499,999. A. James Artiano. On 11/07/2018 MICHELLE MOLINA filed a Property - Other Real Property lawsuit against JOHN MOLINA. Then, just weeks later, the state told the hospital to stand down, that its services were not needed. And all of a sudden, theyre done.. . V.P., Financial Affairs Williampedersen Curtis Dentino, Joseph W Cpa White, 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. Court records for this case are available from Second Appellate District. So read the full article for details. As fate would have it, there was an architect working with Molina Healthcare building the Family Practice offices. Todd sits on the board of directors of the Long Beach Convention and Visitors Bureau and the Downtown Long Beach Alliance. 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%. (He bought the Business Journal in 2020.). ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. 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. The law has affected other high-profile projects, including the city of Anaheims plan to sell the land surrounding Angel Stadium to the teams owner. Research Tools 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 . On 03/17/2021 Michelle Molina filed an Other court case against John Molina in California Courts of Appeal. The family began looking for schools closer to them with the same philosophy as their first sons school. View John Molina's profile on LinkedIn, the world's largest professional community. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. , 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. Column: 15 minutes of fame flies by. 699 others named John Molina are on LinkedIn According to the SEC Form 4 filings, John C Molina has made a total of Its called the Little Owl Preschool in Long Beach. 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. , John actively serves on the boards of the Long Beach Community Foundation, Long Beach Convention & Visitors Bureau, and the California State University Foundation. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. Dallas-Fort Worth . ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. ; Party Attorney: Plaintiff and Appellant: Michelle MolinaAttorney: Michele Antoinette Dobson. In 2010, John and his siblings funded the construction of the Aquarium's Molina Animal Care Center. Representatives for the California Department of Public Health were not available for comment. Long Beach, CA 90807-3319. Youre better off making it with your brain (be)cause it will last longer., John Molina describes his parents as always available to help them with their homework or school projects. 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. All Rights Reserved. V.P. But before the lease was signed, the roster of talent COPE had praised was reduced by one important player, Mario Molina. For the Watt family, as well as her siblings, their connection to Long Beach is special. Long Beach, CA. John C Molina owns about 384,084 units of Molina Healthcare Inc common stock. []For more visit https://www.olansi.net Liked by John Molina. Bob also served in leadership positions over Finance and Business Development, helping steer the growth of a company with 20,000 members operating in one state to an industry leader with 4.5 million members and nearly $20 billion in revenue, operating in multiple states. ; 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. In recent months, he had been outspoken about what he believed was wrong with the Republicans plans to replace the ACA. Inmate Release Report Snapshot taken: 2/28/2023 6:00:11 AM Projected Release Date Booking No Last Name First Name 3/1/2023 6549164 AGUILERATOLEDO MARTIN The estimated Net Worth of John C Molina is at least $189 Milione dollars as of 26 February 2018. 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. If you do not agree with these terms, then do not use our website and/or services. 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. On Tuesday, the company reported its first-quarter results, showing that its total number of insured members jumped by more than 500,000 people to 4,766,000. 2020-05-15. The hospital, which provided much needed acute care services in East Long Beach before it shut down in July 2018, is to be . He grew up in Southern California, attending California State University, Long Beach for Journalism and Public Relations. The fact of the matter is, when Memorial closed the emergency room, they were seeing about 75 patients a day, Molina says. We have to work and work hard every day for everything that we have., Dad had a saying, You can make your living with your brain or your back. Contact the Business Hotline and Call Center. Description: Appeal dismissed per rule 8.140(b). Melody Petersen is an investigative reporter covering healthcare and business for the Los Angeles Times. John A Molina, 51. 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. During the fourth quarter of 2017the first quarter Zubretsky headed the companyMolina reported a $269 million loss . 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. We didnt go into this completely blind, he says. John also answers to John C Molina, and perhaps a couple of other names. Mom was very involved in the PTA and while they never expressed disappointment if we didnt do well; they also didnt applaud us for doing well.. A closed Community Hospital on April 20, 2022. brought He added that there was a sense we werent keeping up with our competitors.. 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. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. But I didnt see something that really fulfilled our needs. 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. At Long Beach City Hall, it was code blue for Community Hospital. 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. Lee based her conclusion on a lease analysis prepared by the citys Economic Development Department. The estimated Net Worth of John C Molina is at least $166 Milione dollars as of 26 February 2018. Despite warnings, a risky vote to save the hospital. Molina J . There are 600+ professionals named "John Molina", who use LinkedIn to exchange information, ideas, and opportunities. Michelle's personal network of family, friends, associates & neighbors include Mary Molina, Janet Watt, Ronald Heiman, Josephine Molina and John Heiman. The City Council absolutely wanted a hospital. Above is the net worth, insider trading, and ownership report for John C Molina. Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. Analysts have long viewed Molina as a potential acquisition target of a larger insurer. And the city responded, with crushing consequences. Chief Financial Officer Thomas L Tran We knew it was failing for a number of reasons and [we were] approached to see if there was a way we could keep it open, says John Bishop, who was chief financial officer for Long Beach Memorial when it took over Community. 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. Why is this public record being published online? But Community Hospital continued operating at a loss nearly every year, according to financial documents submitted annually by MemorialCare to the state. In fact, many emergency patients in Community Hospitals service area were already being transported elsewhere. 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. Description: Default notice sent-appellant notified per rule 8.100(c). 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.". 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. Details can be seen in John C Molina's Latest Holdings Summary section. Brought together by John Molina, formerly the Chief Financial Officer of Molina Healthcare, the Pacific6 partners have diverse professional backgrounds, including healthcare, financial services, risk management, human resources, legal affairs, and media/marketing development spanning from Fortune 200 to small, independent companies. 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. TRD Staff. I thought it would be a good thing.. John Molina was confident he could deliver where MemorialCare had failed. Salary in 2020. 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. 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. At that time, there was very little distinction between what was family life and what was work life.. Before the vote, the citys economic team warned the council that this scenario was not just possible but likely to occur because the overall terms of the lease make it financially beneficial for Tenant [MWN] to terminate the lease at some point, regardless of whether or not the Hospital is viable., What this says, critic Lee warned the council, is that at any time Mr. Molina can back out of this deal and that we need to reimburse him for all of his investments when its potentially tens of millions of dollars. Republicans plans to replace the ACA attending California state University, Pomona that really fulfilled our needs in Community service... 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