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) 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
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
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
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.
Molina Healthcare, Inc. (NYSE: MOH) has amended and restated the employment agreement of President and CEO Joe Zubretsky. Zubretsky has been with Molina since November 2017 and has successfully led a turnaround strategy for the company. The Board's Chairman, Dale Wolf, expressed confidence in Zubretsky's leadership for the company's future growth plans. Molina Healthcare will provide further details on its strategic plan at a virtual investor day scheduled for September 17, 2021. The company serves approximately 4.7 million members through Medicaid and Medicare programs.