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. reports developments tied to its managed healthcare business under Medicaid, Medicare and state insurance marketplace programs. Recurring updates include quarterly and annual results, premium revenue, medical care ratio trends, earnings guidance and commentary on state-program rates, medical cost management and product performance.
Company news also covers operating initiatives across Molina's service areas, including access-to-care and home health workforce programs, as well as capital actions such as senior note financing and credit-related activity. Coverage reflects a business model driven by government-program contracts, health plan membership, acquisitions, benefit costs and administrative expense control.
Molina Healthcare (NYSE: MOH) will release its Q2 2021 earnings after market close on July 28, 2021. A conference call is scheduled for July 29, 2021, at 8:00 AM ET to discuss the results. Investors can join the call by dialing (877) 883-0383 using confirmation number 5686734. A replay will be available until August 12, 2021. Molina serves approximately 4.6 million members through Medicaid and Medicare programs. For more details, visit molinahealthcare.com.
Molina Healthcare (NYSE:MOH) has elected Dr. Stephen Lockhart as an independent director during its annual stockholders’ meeting on May 6, 2021. He replaces Governor Garrey Carruthers, who is retiring after nine years on the Board. Dr. Lockhart brings extensive healthcare experience, having served as chief medical officer for Sutter Health until January 2021. The company believes that Dr. Lockhart’s background will strengthen its leadership and enhance shareholder value as it continues to provide services to approximately 4.6 million members.
Molina Healthcare, Inc. (MOH) reported a strong first quarter for 2021, with GAAP earnings per diluted share of $3.89 and adjusted earnings of $4.44, a 33% and 47% increase year-over-year, respectively. Total revenue reached $6.5 billion, up 43% from 2020, driven by an increase in Medicaid and Marketplace membership, which grew by 1.2 million members to 4.6 million. The company raised its 2021 premium revenue guidance to exceed $24 billion and adjusted EPS guidance to a minimum of $13.00, signaling strong growth prospects despite ongoing pandemic challenges.
Molina Healthcare (NYSE: MOH) has agreed to acquire Cigna's Texas Medicaid and Medicare-Medicaid Plan (MMP) contracts along with certain assets for approximately $60 million. This acquisition serves around 48,000 Medicaid members and 2,000 MMP members, generating about $1.0 billion in premium revenue for 2020. Molina anticipates that this will enhance its service offerings in Texas and contribute positively to its adjusted earnings per share. The deal is subject to regulatory approvals and aims to close in the second half of 2021.
Molina Healthcare (NYSE: MOH) announced its Ohio health plan has been awarded a Medicaid managed care contract by the Ohio Department of Medicaid (ODM) for all three regions in the state. The contract is expected to start in early 2022 and will provide coverage to approximately 3.0 million Medicaid beneficiaries, including families, expansion members, and the aged, blind, or disabled. Molina has served Ohio's vulnerable populations for over 15 years and looks forward to implementing innovative managed care approaches.
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.