Molina Hlthcare Stock Price, News & Analysis

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.

Molina Healthcare (NYSE: MOH) has priced $750 million of senior notes due 2032 in a private offering, expected to close on or about November 16, 2021. The notes will carry a 3.875% interest rate, payable semi-annually, with a maturity date of May 15, 2032. The net proceeds are estimated at approximately $741 million, primarily aimed at redeeming $700 million of 5.375% senior notes due 2022 and for general corporate purposes, including debt repayment and share repurchases. The notes are not registered under the Securities Act and will not be guaranteed by subsidiaries.

Molina Healthcare (NYSE: MOH) announced a private offering of $750 million in senior notes due 2032 under the Securities Act. The proceeds will be used to redeem $700 million of existing senior notes and for general corporate purposes such as debt repayment and capital expenditures. The offering is limited to qualified institutional buyers and excludes U.S. investors unless specific exemptions apply. The Notes will not be guaranteed by subsidiaries at issuance and are subject to customary closing conditions.

Molina Healthcare (NYSE: MOH) reported Q3 2021 GAAP earnings of $2.46 per diluted share and adjusted earnings of $2.83. Premium revenue surged 43% to $6.8 billion, driven by a 20% membership increase. However, net income decreased to $143 million from $185 million year-over-year due to COVID's impact, decreasing EPS by $1.00. The company reaffirmed 2021 premium revenue guidance of at least $26.5 billion and adjusted EPS guidance of no less than $13.25. Notably, Molina acquired AgeWell New York's Medicaid business, enhancing its growth strategy.

Molina Healthcare (NYSE: MOH) announced the closing of its acquisition of Affinity Health Plan on October 25, 2021. As of September 30, 2021, Affinity served approximately 310,000 members. This strategic acquisition aligns with Molina's mission to enhance its managed healthcare services under Medicaid and Medicare, aiming to expand its reach and improve service delivery. Molina Healthcare currently serves about 4.7 million members across various programs.

Molina Healthcare has announced an agreement to acquire the Medicaid Managed Long Term Care business of AgeWell New York for approximately $110 million, net of tax benefits. This acquisition will expand Molina's Medicaid presence in New York, serving about 13,000 members with a potential $700 million revenue base. The transaction is expected to enhance Molina’s profitability and is projected to be accretive to earnings per share, with an anticipated closing by Q3 2022, subject to regulatory approvals.

Molina Healthcare (NYSE: MOH) will release its third-quarter 2021 results after market close on October 27, 2021.

A conference call to discuss the earnings will be held on October 28, 2021, at 8:00 a.m. ET. Interested parties can join by calling (877) 883-0383 with confirmation number 5108692. A replay will be available until November 11, 2021.

As of June 30, 2021, Molina Healthcare served approximately 4.7 million members across its health plans.