Molina Hlthcare Stock Price, News & Analysis

Molina Healthcare (NYSE: MOH) has announced its acquisition of My Choice Wisconsin (MCW) for approximately $150 million, enhancing its Medicaid Managed Long-Term Care services in Wisconsin. MCW, which serves over 44,000 members and generates around $1 billion in premium revenue, aligns with Molina's strategic growth initiatives. This acquisition is expected to positively impact Molina's earnings and expand its footprint. The transaction requires regulatory approvals and is anticipated to close in 2022.

The MolinaCares Accord announced a $400,000 contribution to the University of Washington School of Nursing to enhance the behavioral health workforce in Washington. This initiative aims to develop a blended family and psychiatric primary care curriculum for nurse practitioners, addressing the ongoing provider shortage in behavioral health.

Dr. Jay Fathi emphasized the need to expand training in this area, especially as 34% of Washington adults reported anxiety or depressive symptoms due to COVID-19. The funding will improve the capabilities of nursing professionals and ultimately benefit community health.

Molina Healthcare (NYSE: MOH) announces the release of its second-quarter earnings results, scheduled for July 27, 2022, after market close. The company will host a conference call on July 28, 2022, at 8:00 a.m. Eastern Time to discuss these results. Investors can access the call by dialing (877) 883-0383 with the confirmation number 4270459. A replay will be available until August 11, 2022. Molina Healthcare, a FORTUNE 500 company, provides managed healthcare services to approximately 5.1 million members across 19 states as of March 31, 2022.

Molina Healthcare (NYSE: MOH) reported strong Q1 2022 results, with GAAP earnings per diluted share of $4.39 and adjusted earnings of $4.90. Premium revenue rose by 19% year-over-year to approximately $7.5 billion, with total revenue reaching $7.77 billion. The company increased its 2022 premium revenue guidance to $29.25 billion and adjusted earnings guidance to at least $17.10 per diluted share. The Medical Care Ratio was at 87.1%, slightly up from 86.8% last year, with a notable impact from COVID-19 affecting earnings. The company served 5.1 million members, a 10% increase from the previous year.

Molina Healthcare (NYSE: MOH) will release its first-quarter 2022 earnings on April 27, 2022, after market close. Following the release, a conference call is scheduled for April 28, 2022, at 8:00 a.m. ET. Investors can access the call by calling (877) 883-0383 and using confirmation number 6168107. A replay will be available until May 12, 2022. As of December 31, 2021, Molina Healthcare served approximately 5.2 million members.

Molina Healthcare reported strong financial results for Q4 2021, with GAAP earnings per diluted share of $1.74 and adjusted earnings of $2.88. For the full year 2021, GAAP earnings were $11.25 per diluted share, while adjusted earnings reached $13.54. Premium revenue increased by 47% year-over-year to $26.9 billion. The company issued a positive 2022 guidance, expecting total revenue of $29.5 billion and adjusted EPS growth of 26% to no less than $17.00 per share. Molina also acquired Cigna's Texas Medicaid contracts, enhancing its market position.

Molina Healthcare, Inc. (NYSE: MOH) is set to release its fourth quarter and year-end 2021 financial results after market close on February 9, 2022. A conference call to discuss the results will be held on February 10, 2022, at 8:00 a.m. ET. Participants can join by dialing (877) 883-0383 and using confirmation number 8807414. The call will also be streamed live via the company's website, with a replay available for 30 days after the event. As of September 30, 2021, Molina served approximately 4.8 million members.

Molina Healthcare (NYSE: MOH) announced the successful acquisition of Cigna’s Texas Medicaid contracts, which closed on January 1, 2022. This acquisition expands Molina's services by adding approximately 50,000 members from Cigna’s Texas Medicaid business. As of September 30, 2021, Molina served around 4.8 million members. The move is strategically significant for enhancing Molina's presence in the Medicaid sector, ultimately aiming to provide improved healthcare services in Texas.

Molina Healthcare (NYSE: MOH) has closed its offering of $750 million in 3.875% Senior Notes due 2032. The enterprise intends to utilize approximately $725 million of the net proceeds to redeem its existing 5.375% senior notes due 2022. Following deductions, the net proceeds amount to $741 million. Interest payments on the new notes will be made semi-annually, and the notes are exempt from the registration under the Securities Act. Molina Healthcare serves around 4.8 million members as of September 30, 2021.