John John Molina's income source is mostly from being a successful Boxer. A. James Artiano. sale We needed to approach and evaluate this story like any other. With its Spanish Colonial architecture and small-town feel, it seemed like a throwback in an age of mega hospitals and vast health care systems. Molina's operating performance may explain Zubretsky's high compensation. Third District Councilwoman Suzie Price, who pushed to keep Community open, concedes that the lease did not necessarily favor the city but says the council was determined to be responsive to constituent concerns. Her bio describes Janet Molina-Watt as a Community leader and lifelong resident of Long Beach who is actively involved in contributing to the local education system. Its a life that has grown out of her ability to follow her passions, always encouraged by her parents. He graduated with a Bachelor of Education, Honors Degree, in England, represented Great Britain at the International Olympic Academy in Athens/Olympia and was invited to California State University, Long Beach to lecture on the Pre-Modern Olympic Games. He says he lost $30 million, an amount the city is now attempting to verify before potentially parting with its 8.7-acre property. They wanted us to read., Exploration was also important for the Molina family. He loves to cook and entertain he developed a unique psychology-based career development model and invented a punctuation mark. I enjoyed the problem solving. Analysts have long viewed Molina as a potential acquisition target of a larger insurer. He opened a private internal medicine practice following a preceptorship at St. Mary Medical Center in Long Beach. John Molina, the former chief financial officer at Molina Healthcare, has resigned from its board of directo In a surprise shake-up Tuesday, Molina Healthcare Inc. a major player in Obamacare health insurance markets ousted its two top executives, both sons of the firms founder. Sign up for the California Politics newsletter to get exclusive analysis from our reporters. Three of the Molina children still run the company. This was clear from the get-go, says Modica, who calls the reopening effort successful., It opened and then it closed, he says. John, Martha, Janet, and Josephine, as well as their spouses and children. Todd holds a Bachelor of Arts degree in philosophy from UCLA and a Juris Doctorate from Southwestern University School of Law. Truncated Query In order to provide adequate performance for all users, the SAFER WWW System is designed to return a maximum of 500 matches on a carrier name search. We're sure he's a very busy executive, but you have to stop and listen as he speaks admiringly about his parents, David and Maria Rose Molina. Molina, Dowling and Sommers have no involvement in our day-to-day editorial operation and no mechanism to directly influence our coverage. John John Molina was born on the 17th of March, 1965. ; Party Attorney: Plaintiff and Appellant: Michelle MolinaAttorney: Michele Antoinette Dobson. John C Molina owns about 384,084 units of Molina Healthcare Inc common stock. The about-face, Molina says, cost roughly $2 million without the admission of a single patient. Ste 5047. He has helped brand, message and market companies both large and small producing award-winning advertising, print work, videos, web development and training programs for such companies as Sony, Panasonic, DuPont, Agility Logistics, Nexus, Dacor and Realty One Group. They didnt want a lot of organized activities. Unfortunately, the details have not been documented. And I was supported the whole way.. Bishop, now CEO of MemorialCares Long Beach campus, says small hospitals frequently operate at a loss but are subsidized by their larger parent companies. It was the other two parties that were supposed to be the operators, Molina says of Sim and Wu. Do Not Sell or Share My Personal Information, How to connect formerly incarcerated people with jobs in L.A. County. Description: Filing fee. John Molina is Chief Financial Officer of a Fortune 500 corporation based in Long Beach, Molina Healthcare, a company his father, C. David Molina founded more than 30 years ago. A short-term lease of Community Hospital Long Beach, shown here on Jan. 22, 2022, is being negotiated while appraisals are prepared as part of an ultimate sale to Molina, Wu, Network. Insiders trading at Molina Healthcare Inc. . Personal Details of Alfred Molina. He defeated Shane Mosely to retain his IBF Super Featherweight title. A California s-corporation, owned by John and Michelle Molina and based in Long Beach, California, PeacePartners is staffed by contracted trainers and coaches residing in the over 40 states we serve and is lead by a small in-house staff with Michelle at the helm. So, my husband jokingly says Why dont open your own preschool?, And she did. Send her tips securely on Signal at (213) 327-8634. Country United States. GAAP net income for the second quarter of 2021 was $185 million, . The company is a West Virginia Foreign Llc | Limited-Liability Company, which Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018 . (He bought the Business Journal in 2020.). US$792 million (2022) Total assets: US$12.31 billion (2022) Total equity: . Personal Details View All The gurus listed in this website are not affiliated with GuruFocus.com, LLC. I enjoyed the creativity and the design., When she finished her degree, she decided she wanted more. John Molina Phone Number, Address, Age & Email - CocoFinder Molina Healthcare Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Were sure hes a very busy executive, but you have to stop and listen as he speaks admiringly about his parents, David and Maria Rose Molina. John C Molina is the Exec. DocketDescription: Appeal dismissed per rule 8.140(b). Davids career began in education. Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018. No, net worth is not yearly. John has many family members and associates who include Elsa Molina, Janet Heathcote, Aristides Molina, Marie Alban and Dennis Vazquez. The young Molina children learned much from their parents about hard work, education and strength of family. Molinawhose Pacific6 Enterprises owns the Long Beach Post and Downtown real estate interestsinsists the demise of Community Hospital had nothing to do with management issues or his favorable lease terms. COPE concluded that MWNs diverse experience, far-reaching connections and strong ties to Long Beach made it the best candidate to keep Community Hospital operating into the future. For nearly a century, Community had served generations of residents in . . Representatives of the citys four other hospitals with emergency departmentsMemorial, St. Mary, Lakewood Regional and Los Alamitostold the Post they experienced only a small uptick in patients after the MemorialCare closure and that the impact was minimal. The fact of the matter is, when Memorial closed the emergency room, they were seeing about 75 patients a day, Molina says. I want to take over the design of an entire building. We didnt go into this completely blind, he says. Still, one crucial piece of that mission was missingthe patients. Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018. (You can read a more detailed timeline of our ownership in our Transparency Portal.) He believed that being smaller, and focused solely on Community, would help him revive the hospital within a year of taking control. We just need to improve the results.. Although details of all this are complicated and uncertain, this much seems increasingly clear: the historic property will eventually be lost to the city of Long Beach. In recent months, he had been outspoken about what he believed was wrong with the Republicans plans to replace the ACA. The company, for its part, would shoulder any losses above the propertys appraised market value, which, in 2018, was $17 million. Puerto Rican boxer and celebrity, IBF and WBO Super Featherweight Champion, who is known for being a socialite. Insiders are limited to only officers and/or directors of the company. Why is this public record being published online? In a report to the council, it said the proposed lease contained significant risks for the city but represented the best terms that could be negotiated to incentivize MWN to keep Community Hospital open. Brought together by John Molina, formerly the Chief Financial Officer of Molina Healthcare, the Pacific6 partners have diverse professional backgrounds, including healthcare, financial services, risk management, human resources, legal affairs, and media/marketing development spanning from Fortune 200 to small, independent companies. They were more interested in us doing things exploring., Janet Molina-Watt and her husband have talked about what legacy they want to leave behind. On some days, city officials say, the hospital was seeing just two patients. We located 74 people named John Molina in 25 states. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). By then, Community Hospital and its emergency services had been closed for 16 months. This case was filed in Los Angeles County Superior Courts, Governor George Deukmejian Courthouse located in Los Angeles, California. All Rights Reserved. Under Review. City staff will respond to voicemails made after business hours within 24 hours. Almost 100 years since it first opened its doors to downtown Long Beach, the historic Breakers building will soon be back in business as a hotel. Molina says he made a mad dash to hire 150 nurses and medical staffers, stock pantries and buy personal protective equipment and other supplies, some of which were marked up by more than 500% because of shortages and high demand. Janet Molina-Watt knows something about taking a different path in life. Our reporting is free to read, with no paywalls or limits on the number of articles you can access, but it takes time and money to report stories like this. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. To do that, reporters Kelly Puente and Brandon Richardson, along with the editors at the Post and Business Journal, treated Molina, Dowling and Sommers strictly as public figures worthy of news coverage, not as owners or directors of our board. But their heart was in the right place. Supernaw says he was so committed to getting the hospital reopened that he used $250,000 from his office funds at city staffs request to pay for critical elevator repairstaxpayer money that, in the end, would be lost to the effort. Removing the brothers could make such a deal easier, analysts say. Court documents are not available for this case. Research Tools Molina Healthcare is on the brink of major layoffs, the Press-Telegram has confirmed. All but MWN and Palisades Health Solutions withdrew from the competition, citing the high cost of seismic compliance, according to city officials. Vasilomanolakis says it was ordered but got held up in the pandemics massive supply-chain backlog. As for concerns that other emergency rooms would become more crowded with an influx of new patients, the numbers again told a different story. So, there was never any pressure to become a doctor, to go into the family business.. Other key executives at Molina Healthcare Inc include John Molina's Pacific6 scores $55M financing for LB luxe landmark. 3711 Long Beach Blvd. John C Molina around $5 Million. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. Photo by Brandon Richardson. If the problem persists, email the Casetext support team at support@casetext.com. Molina says soaring construction costs during the pandemic pushed the initial retrofit estimate of around $50 million to $79 million. Whats going on? The Molina Family in Molina Healthcare, Inc. (Replay) Education Equals Opportunity Too: Teaching Life Lessons. Net Worth in 2021. Mom and Dad were always, of course theyre teachers, so I think it was innate in themthey really fostered this love of learning. The medical staff had to hand-write its notations, which slowed down Communitys operations and made everyones job more difficult, the cardiologist says. Who can help student-athletes cash in? Representatives for the California Department of Public Health were not available for comment. In early 2018, MemorialCare informed Long Beach officials it was terminating its lease with the city rather than spend tens of millions of dollars more in seismic repairs mandated by the state. The company was founded in 1980 by C. David Molina, an emergency room doctor in Long Beach. Industry Health Care Equipment & Services. Under the lease, Molina would only be entitled to an amount equivalent to its market value, even if MWNs losses are greater. John John Molina (born March 17, 1965) is famous for being boxer. John Molina, Mario's younger brother, was the CFO of Molina Healthcare. Joseph Molina salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Joseph Molina based on real numbers. And with that, a warning by the economic team before the City Councils vote had come to pass. We needed to hit 50. J. Mario Molina succeeded his father, C. David Molina, as CEO in 1996. May 2, 2022. of 375,000 shares made by Joseph M Zubretsky May 03, 2022 10:00 AM. John Molinas vision of that legacy, for himself, is simple. It's a life that has grown out of her ability to follow her passions, always encouraged by her parents. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Among other investments, his newly created Pacific6 purchased the historic but deteriorating Breakers Hotel on Ocean Boulevard to convert it into a hip boutique hotel, a vision that remains unrealized. Only a trickle showed up, despite the outcry among former employees and others in the community that the hospitals services were essential. Thank you, eat.play.love! According to John Molina, it was expected that the children would work hard and that they would achieve the highest of their potential. We had a great preschool for our first son and then when our daughter was ready to go and I was pregnant with our third one and I just couldnt drive that far.. One of the values laid out in the Posts mission statement is integrity, telling the truth even when its hard and even when it affects our bottom line.. John John Molina's age is 57. We know that John is married at this point. no insider transaction in Molina Healthcare Inc (MOH). John Molina , 57. In 1994, Molina and his firm won a state contract to provide care for mothers and children in Californias Medicaid program, which is called Medi-Cal. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, DocketBrief: Civil case information statement filed. Make your practice more effective and efficient with Casetext's legal research suite. John, with his father and family, built Molina Healthcare, Inc. from a fledgling start-up into a Fortune 200 company, serving nearly five million members and employing over 25,000 people nationwide. We have estimated John John Molina's net worth, money, salary, income, and assets. View John Molina's profile on LinkedIn, the world's largest professional community. In 2017, the last year MemorialCare operated Community Hospital, the average transport time was 7.3 minutes, according to fire officials. The growing, Long Beach-based health insurer has nearly 5 million customers in 12 states and Puerto Rico, most of them insured through Medicaid, the government program for the poor. by Pierce Nahigyan, Staff Writer November 5, 2018. Molina's Medicaid plans receive revenue on a per-member per-month basis from state government agencies, and its Medicare Advantage plans receive revenue from managed care plans that contract with the Centers for Medicaid and Medicare (CMS). $1 Million - $5 Million. His success results from a comprehensive understanding of the internal and external business environment, exceptional analytical skills, and the foresight to anticipate trends and position companies ahead of their competitors. sale DocketDescription: Default notice sent-appellant notified per rule 8.100(c). Resides in La Habra, CA. John A Molina, 51. . DocketDescription: Received default notice 8.121(a) designation not filed. Through its locally operated health plans, Molina Healthcare served approximately 4.0 million members as of December 31, 2020. At that time, there was very little distinction between what was family life and what was work life.. John C Molina made That should be enough to stop everyone in their tracks., It wasnt. Description: Notice of appeal lodged/received. So, I got a lot of practical experience. When she graduated, she went to work with an architectural firm. The board is committed to achieving operational excellence and improving the companys financial performance on behalf of our shareholders, more than 20,000 employees and our over 4 million members, he said. The company, which offers health care plans for people receiving government assistance through such programs . Enjoy a 7-Day Free Trial Thru Mar 09, 2023! In the first three months of the year, the company earned $77 million in net income from $4.6 billion in revenue, for a net profit margin of 1.6%. Looking back, Councilman Daryl Supernaw, whose 4th District then included the hospital, says the economic team and other city officials failed to keep the council fully informed of the risks during the lease negotiations. For more on Molina Healthcare, visit HERE. Just months after the lease was signed, Sim and Wu would also leave to focus on other business ventures, John Molina says, including the acquisition of hospitals in Northern California and Riverside by one of the doctors. He added that there was a sense we werent keeping up with our competitors.. And the best part of all, documents in their CrowdSourced Library are FREE! Clarissa Molina net worth is allegedly valued at $1.5 million. One Golden Shore Drive Long Beach CA 90802 CA; John has made over 32 trades of the Molina Healthcare Inc stock since 2004, according to the Form 4 filled with the SEC. Arms dealers and manufacturers, Before and after photos from space show storms effect on California reservoirs, Yet more rain expected to hit California in March. As his biography states, the lessons learned from his parents have served his siblings and him well. An avid bicycle commuter, Jon lives in Long Beach with his wife and three children. We have a saying Were not in this for ourselves alone. John Molina owns over 20,480 units of Molina Healthcare Inc stock worth over $102,152,986 and over the last 20 years John sold MOH stock worth over $64,236,579. . The information we shared in the press release is all there is to say, he said. The company offers to transport its members on free shuttles that not only get them to their doctors appointments, but stop at grocery stores, churches, laundromats and check-cashing stores. But at the time, the residents absolutely did not want to walk away from the idea of acute care services in East Long Beach, for reasons that are extremely reasonable and understandable.. V.P. For the familys legacy, Molina says. ; Notes: It appearing that the appellant is in default pursuant to Rule 8.140(b), California Rules of Court, the appeal filed March 17, 2021, is dismissed. Cancellation and Refund Policy, Privacy Policy, and She has been a PeaceBuilder since 1994 and a PeaceBuilders trainer and curriculum developer since 1998. The two brothers will be replaced by Joseph White, currently the companys chief accounting officer. Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. The council voted 7-0 to approve the lease. A refreshing cup of iced honey lemon (w/o sugar) works wonders after a long day of shoot! & Financial Affairs & Trustee & Molina Siblings Trust. City Manager Tom Modica says the City Council was driven by a higher calling to save the hospital, even if that meant possibly losing money or the property itself. Her love of education comes from her parents. 0 transactions in Molina Healthcare Inc (MOH) over the past 5 years. This was a difficult story to report, not only because the subject matter is complicated, but because the operator at the center of this story, John Molina, is also the principal owner of the Post and Business Journal. Molina added that the business grew because his father believed he could, despite people telling him that he couldnt do it. Molina is scheduled to report . He says he mostly wanted to team his brother with Sim and Wu, the latter of whom operates multiple Southern California hospitals. Molina board removes CEO and CFO, long-time execs and founder's sons . Dr. Martha Molina Bernadett is Executive Vice President of Research and Development and President and Founder of the Molina Foundation. And my Dad knew he could be a success because he defined success as filling a need.. In November, Molina gave a 90-day state-required notice that MWN was closing Community. Founding Partner at Pacific6 Enterprises . The co-trustee of two Molina family trusts is listed as owning an additional 17.4% of the company. The device arrived, he says, after the hospital had closed. The largest trade John's ever made was selling 700,000 units of Molina Healthcare Inc stock on 24 March 2004 worth over $19,600,000. Many of its customers are lower income and suffer from chronic health conditions. Had COVID not hit and the costs not gone up so much, then it would have been a completely different ballgame, says Molina, who has proposed turning the hospital into a mental health campus that would not require expensive seismic repairsa plan that is now in jeopardy as well. John actively serves on the boards of the Long Beach Community Foundation, Long Beach Convention & Visitors Bureau, and the California State University Foundation. ; Notes: Notice of appeal filed 3/17/2021 by Michelle Molina, DocketTrial Court Name: Los Angeles County Superior Court; County: Los Angeles; Trial Court Case Number: 18LBCV00047; Trial Court Judge: Kim, Mark, Los Angeles County Superior Courts | Family | During the fourth quarter of 2017the first quarter Zubretsky headed the companyMolina reported a $269 million loss . A closed Community Hospital on April 20, 2022. And then, when I was in college, I continued to work there.However, Molina-Watt and her husband continued to work at Molina Healthcare through college doing billing. Over time, David transitioned his abilities as an educator to reach broader audiences first as the Editor of Southern California Style Magazine, and then with Small Island Multimedia, his own advertising agency. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, Fundamental company data provided by Morningstar, updated daily. It was just destroying the hospital budget. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. The 57-year-old boxer was born in Puerto Rico. In 2010, John and his siblings funded the construction of the Aquariums Molina Animal Care Center. Gurus listed in this website are not affiliated with GuruFocus.com, LLC creative ideas and transformative Solutions largest! 30 million, located 74 people named John Molina & # x27 ; income... Can read a more detailed timeline of our ownership in our day-to-day editorial operation and no mechanism to directly our... Insiders are limited to only officers and/or directors of the company cup of iced honey (. A network of subsidiaries, each of which is licensed as a health maintenance organization HMO! 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