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 has appointed Chris Coffey as president of Molina Healthcare of Texas. Coffey brings 20 years of leadership experience, having previously served as CEO in various healthcare organizations focusing on Medicaid. Marc Russo, Molina's executive vice president, emphasized Coffey's capacity to lead the Texas health plan amid COVID-19 challenges, particularly for underserved communities. Molina Healthcare has provided government-funded healthcare since 2006, serving approximately 4.7 million members as of June 30, 2021.
Molina Healthcare, Inc. (NYSE: MOH) will host a virtual Investor Day on September 17, 2021, at 8:30 a.m. Eastern Time. Interested investors can register for the event at molinahealthcareinvestorday.com. A replay of the meeting will be available online about an hour after it concludes. As of June 30, 2021, Molina Healthcare provided managed services to approximately 4.7 million members under Medicaid and Medicare programs.
Molina Healthcare, Inc. (NYSE: MOH) announced that its Nevada health plan subsidiary was awarded a Medicaid managed care contract by the Nevada Department of Health and Human Services. This four-year contract, with a potential two-year extension, will begin on January 1, 2022. Molina will provide coverage to approximately 630,000 Medicaid beneficiaries in Clark and Washoe Counties and will participate in the state-based Affordable Care Act Exchange. The CEO expressed commitment to enhancing care management and health equity for Medicaid members.
Molina Healthcare (NYSE: MOH) announced a leadership change in investor relations as Senior Vice President, Julie Loftus Trudell, retires after a period of notable success. The company has appointed Joseph Krocheski, effective October 1, 2021, who has 25 years of experience in investor relations and financial management. Ronald Kurtz will act as Interim Head of Investor Relations during the transition. Molina serves about 4.7 million members through Medicaid and Medicare programs.
Molina Healthcare reported its second quarter 2021 results, with GAAP earnings per diluted share at $3.16 and adjusted earnings at $3.40. The company experienced a premium revenue increase of 51% to approximately $6.6 billion, serving 4.7 million members. However, net income fell to $185 million, impacted by COVID-19, affecting earnings by approximately $1.00 per share. Molina raised its full-year premium revenue guidance to over $25 billion and adjusted EPS guidance to no less than $13.25.
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.