Welcome to our dedicated page for Molina Hlthcare news (Ticker: MOH), a resource for investors and traders seeking the latest updates and insights on Molina Hlthcare stock.
Molina Healthcare, Inc. (NYSE: MOH) is a FORTUNE 500 company that provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. This news page aggregates company disclosures and market updates so readers can follow how Molina’s government-sponsored health care business is evolving over time.
News about Molina Healthcare frequently includes quarterly and year-to-date financial results, where the company reports premium revenue, total revenue, net income, medical care costs, and medical care ratios for its Medicaid, Medicare, and marketplace segments. These earnings releases often discuss membership trends, segment performance, and updates to full-year earnings guidance.
Investors and analysts can also find capital markets and financing announcements, such as the pricing and closing of Molina’s 6.500% Senior Notes due 2031 and changes to its credit facilities. Related Form 8-K filings describe new or amended credit agreements, delayed draw term loans, and the intended use of proceeds, including repayment of existing term loans and partial funding of a stock repurchase program.
Another category of news covers contract awards and program developments tied to Medicaid and other government-sponsored programs. For example, Molina has reported a Notice of Agency Decision indicating an intent to award Molina Healthcare of Florida a contract for Statewide Medicaid Managed Care and Children’s Health Insurance Program services for the Children’s Medical Services Program.
By reviewing the articles and filings linked on this page, followers of MOH can see how Molina Healthcare communicates about its financial performance, membership, medical cost trends, and key contractual developments across its Medicaid, Medicare, and marketplace businesses.
Molina Healthcare, Inc. (NYSE: MOH) will release its first-quarter earnings for 2021 on April 28, 2021, after market close. A conference call to discuss the results will be held on April 29, 2021, at 8:00 a.m. ET. Investors can participate by dialing (877) 883-0383 or access a live broadcast on the company's website. The healthcare provider serves approximately 4.0 million members through Medicaid and Medicare programs and state insurance marketplaces. More details are available at molinahealthcare.com.
Molina Healthcare reported a net income of $34 million ($0.56 per diluted share) for Q4 2020, with a full-year net income of $673 million ($11.23 per diluted share). Total revenue increased by 15% to $19.4 billion in 2020, driven by higher premium revenue from Medicaid membership and recent acquisitions. However, the impact of COVID reduced GAAP EPS by $2.30 per diluted share. Looking ahead, the company projects premium revenue growth exceeding 25% in 2021, with adjusted EPS guidance set between $12.50 and $13.00.
Molina Healthcare (NYSE: MOH) has successfully completed its acquisition of the Magellan Complete Care (MCC) business from Magellan Health, Inc. on December 31, 2020. Prior to the acquisition, MCC served around 200,000 members as of November 30, 2020. Molina Healthcare operates managed health care services under Medicaid and Medicare programs and is a FORTUNE 500 company, with approximately 4.0 million members as of September 30, 2020.
Molina Healthcare, Inc. (NYSE: MOH) will present at the 39th Annual J.P. Morgan Healthcare Conference on January 14, 2021, at 11:40 a.m. ET. The event will include a presentation followed by a Q&A session. The presentation will be broadcast live, with access available on the company's website, molinahealthcare.com. Listeners should log in 15 minutes early to register. A replay will be available for 30 days post-event. Serving about 4 million members under Medicaid and Medicare, Molina Healthcare is a FORTUNE 500 company.
Molina Healthcare, Inc. (NYSE: MOH) announced its upcoming fourth quarter and full-year 2020 earnings release scheduled for February 10, 2021, after market close. A conference call will follow on February 11, 2021, at 8:00 a.m. ET to discuss the results. Molina Healthcare serves approximately 4.0 million members through its Medicaid and Medicare programs as of September 30, 2020. The live conference call can be accessed through the company’s website, with a replay available for 30 days thereafter.
Molina Healthcare (NYSE: MOH) announces the retirement of CFO Tom Tran, effective February 2021. Mark Keim, currently EVP of strategic planning, will succeed him and enhance the company's growth strategy. Tran will assist in the transition until May 2021. Joe Zubretsky, CEO, commended Tran for his contributions, particularly in margin recovery. Keim brings a wealth of experience, having held senior roles at Aetna and GE Capital, making him a strong fit for the CFO position.
Molina Healthcare, Inc. (NYSE: MOH) has successfully closed a private offering of $650 million in 3.875% Senior Notes due 2030. The company will use approximately $346 million of the net proceeds to redeem its existing 4.875% senior notes due 2025, alongside related fees. The remaining funds will support general corporate purposes, including share repurchases and capital contributions to its health plan subsidiaries. The Notes will pay interest semi-annually and mature on November 15, 2030.
Molina Healthcare (NYSE: MOH) has priced $650 million of senior notes due 2030 in a private offering. The notes, bearing interest at 3.875% per year, are expected to close around November 17, 2020. The net proceeds, estimated at $641 million, will be primarily used to redeem $330 million of existing senior notes due 2025, with the remainder allocated for general corporate purposes, including debt repayment and acquisitions. The notes are not registered under the Securities Act and will not be guaranteed by the company's subsidiaries.
Molina Healthcare (NYSE: MOH) has announced its intention to privately offer $650 million in senior notes due 2030. This offering will target qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The company plans to use approximately $346 million of the proceeds to redeem its 4.875% senior notes due 2025, with the remainder allocated for general corporate purposes, including debt repayment and capital expenditures. The notes will not be guaranteed by subsidiaries at issuance.
Molina Healthcare (NYSE: MOH) reported a net income of $185 million for Q3 2020, up from $175 million in Q3 2019, translating to $3.10 per diluted share. Adjusted EPS rose to $3.36 from $2.83 a year earlier. Premium revenue increased 16.8% to $4.8 billion, driven by membership growth, notably from acquisitions of Affinity and Passport. MCR improved to 85.9%. The company maintained its 2020 GAAP earnings guidance at $11.20 to $11.70 per diluted share, citing COVID-19's negligible impact on results.