Our investigative journalism is funded in part by readers like you. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, DocketBrief: Civil case information statement filed. On some days, city officials say, the hospital was seeing just two patients. 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. Melody Petersen is an investigative reporter covering healthcare and business for the Los Angeles Times. He defeated Shane Mosely to retain his IBF Super Featherweight title. Founding Partner at Pacific6 Enterprises . This is a risk that we wanted to take and our constituents were asking for.. When MWN announced the closure, the company proposed rebranding the facility as the Long Beach Community Wellness Campus, which would offer an array of outpatient and inpatient services, including behavioral and mental health, urgent care and other medical and social programs. This was clear from the get-go, says Modica, who calls the reopening effort successful., It opened and then it closed, he says. Salary in 2019. (Photo by Brittany Murray, Press-Telegram/SCNG) Would not someone say, He [Molina] is going to walk away from this anyway? Wouldnt you think that statement would come up a few times? We were all anxious to get Community Hospital reopened and its easy to critique the city and say, How could you write an agreement where youre going to reimburse somebody for their losses? he says. John C Molina owns about 384,084 units of Molina Healthcare Inc common stock. He wrote that Molina currently covers about 9% of all Americans enrolled in the Obamacare exchanges. Molina-Watt started in college with theatre arts at Long Beach City college. In the meantime, Long Beach has enlisted Hardesty Health Solutions to audit MWNs financial recordsthousands of transactionsto verify Molinas contention that the company lost $30 million. 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. Make your practice more effective and efficient with Casetext's legal research suite. Previously, John was a Board Member at Long Beach Econo mic Partnership and also held positions at Cell Care Therapeutics, Neilsen Gough, KL Phy Photography, Aquarium of The Pacific, The David and Lucile Packard Foundation, Yahoo!, Petrone & Petrone PC, The . On average, Molina Healthcare Inc executives and independent directors trade stock every 15 days with the average trade being worth of $4,879,063. Full Summary. In 2010, John and his siblings funded the construction of the Aquariums Molina Animal Care Center. Court documents are not available for this case. For more on Molina Healthcare, visit HERE. 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. 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. John John Molina's income source is mostly from being a successful Boxer. From helping out at Molina Healthcare to Interior Design to starting her own architectural firm with a classmate, Janet Molina-Watt took a detour into education. 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. Personal Details View All Net income. Because when the business got started, it needed a lot of labor., For the Molina children, that meant going down to the clinics and pulling charts or sweeping the parking lot. They have also lived in Long Beach, CA and Los Angeles, CA. Johns business and philanthropic connections to Long Beach are numerous and well-known. Molina board removes CEO and CFO, long-time execs and founder's sons . Over the last 20 years, insiders at Molina Healthcare Inc have traded over $383,046,036 worth of Molina Healthcare Inc stock and bought 41,500 units worth $4,228,795 2020-05-15. TRD Staff. Molina Healthcare Inc (MOH)'s detailed insider trading history can be found in Insider Trading Tracker table. Refine Your Search Results. Industry Health Care Equipment & Services. John C Molina around $5 Million. But it did open and that was the goal the council wanted., Reporters:Kelly Puente and Brandon RichardsonEditor:Joel SappellExecutive editor:Melissa EvansLayout and design:Dennis Dean and Candice Wong, Community Hospital property must be offered to affordable housing developers, state says, MemorialCare Health System takes over as operators under new lease agreement with the city , A MemorialCare seismic study identifies exact scope and location of active fault line under property; health provider determines hospital is not viable under state regulations, City staff officially decline MemorialCare's proposal, MemorialCare closes hospital; city works to find new operator, State officials approve seismic compliance extension through January 2025, City signs lease with Molina Wu Network to reopen Community, Community reopens for transfer patients amid COVID-19 pandemic, Emergency department reopens to walk-in patients with 20 beds, City officials, community leaders and health professionals celebrate the reopening of Community Hospital, MWN announces impending closure of ER; unveils plan to convert facility into a mental health campus, ER stops accepting ambulance deliveries, City Council amends lease, ending acute care requirement; begins exploring new options for the property and begins negotiations to possibly sell the property to MWN to satisfy lease obligation, State informs city the property must be offered to affordable housing developers, citing 2019 law. Fundamental company data provided by Morningstar, updated daily. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, Brief: Civil case information statement filed. At that time, there was very little distinction between what was family life and what was work life.. Longtime community supporters say they were heartbroken. It was the other two parties that were supposed to be the operators, Molina says of Sim and Wu. Before the vote, the citys economic team warned the council that this scenario was not just possible but likely to occur because the overall terms of the lease make it financially beneficial for Tenant [MWN] to terminate the lease at some point, regardless of whether or not the Hospital is viable., What this says, critic Lee warned the council, is that at any time Mr. Molina can back out of this deal and that we need to reimburse him for all of his investments when its potentially tens of millions of dollars. Lived In Huntington Beach CA, Long . Molina Healthcare is on the brink of major layoffs, the Press-Telegram has confirmed. By Kelly Puente and Brandon Richardson. ; 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. . He added that there was a sense we werent keeping up with our competitors.. Or, Joseph Molina's net worth in US Dollar Feb, 2023? Cancellation and Refund Policy, Privacy Policy, and But the California Department of Public Health was concerned about understaffing and ordered it to shut down in less than 30 days. She expressed concerns that the deal could ultimately backfire, leaving East Long Beach with a closed hospital and the city with a pile of debt. Pacific6 looks across a broad spectrum of opportunities to determine the best fit for our mission. During the past 18 months, 453,697 shares of Molina Healthcare Inc (MOH) were sold and 0 shares were bought by its insiders, resulting in a net Details can be seen in John C Molina's Latest Holdings Summary section. John Molina is 57 years old today because John's birthday is on 10/23/1964. Still, pursuing this storyand not knowing what our reporting would uncoverput us in the position of potentially publishing unflattering information about the people who ultimately control our parent company. Molina added that the business grew because his father believed he could, despite people telling him that he couldnt do it. of 20,106 shares made by Jeff D. Barlow Janet Molina-Watt knows something about taking a different path in life. Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. sale $1 Million - $5 Million. The company has tried to control costs by limiting its networks of doctors and hospitals, as well as sending members to its own clinics. and Molina also provides plans through health insurance exchanges. . John C Molina is But Community Hospital continued operating at a loss nearly every year, according to financial documents submitted annually by MemorialCare to the state. By then, Community Hospital and its emergency services had been closed for 16 months. You might contact John C Molina via mailing address: C/o Molina Healthcare, Inc., One Golden Shore Drive, Long Beach Ca 90802. If the ruling stands, the city cant simply transfer ownership of the land to MWN as reimbursement for the companys losses. By re-engineering business processes, improving operations, and leading major re-structures, Kevin has helped build successful, sustainable organizations that thrive in business by continually adapting to the competitive landscape. And with that, a warning by the economic team before the City Councils vote had come to pass. John's current home is located at Long Beach, CA. John Molina was confident he could deliver where MemorialCare had failed. No, net worth is not yearly. This investment adviser does not provide advice to individual investors. Employees . This case was filed in Los Angeles County Superior Courts, Governor George Deukmejian Courthouse located in Los Angeles, California. John actively serves on the boards of the Long Beach Community Foundation, Long Beach Convention & Visitors Bureau, and the California State University Foundation. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Todds current work with Pacific6 involves investment in and development of hotels, food and beverage outlets, multi-family buildings, music festivals, aquaculture, entertainment and media. The estimated Net Worth of John C Molina is at least $166 Milione dollars as of 26 February 2018. 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. For COVID-19 Business, Property Owner, and. Long Beach-based Pacific6 Enterprises has secured $55 million in financing to complete an environmental upgrade to its century . John has many family members and associates who include Elsa Molina, Janet Heathcote, Aristides Molina, Marie Alban and Dennis Vazquez. They didnt want a lot of organized activities. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. On April 27, he wrote a letter to Congress saying that the company would be forced to pull out of the ACAs exchanges if the government did not continue providing subsidies that lower a persons out-of-pocket costs based on their income. In a statement last week, MWN said it hasnt decided whether it will now pursue the mental wellness campus project because of the possible regulatory hurdles, despite community needs for such services. Jon is a strategic, multidisciplinary talent and program development leader known for driving innovation across an array of industries including automotive, aerospace, commercial real estate, and healthcare. On March 1, the state informed the city that the Community Hospital property is subject to a 2019 state law that seeks to encourage construction of affordable housing. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. We know that John is married at this point. Other transactions such as conversion of derivative security or exercise of options are not included. They wanted us to read., Exploration was also important for the Molina family. JOSE ADOLFO SALAZAR VS EAT GOOD STUFF INC., ET AL. So, there was never any pressure to become a doctor, to go into the family business.. a net Over the years, she has served on various community boards including The Department of Health and Human Services, Fairfield YMCA and the Long Beach Ballet. 699 others named John Molina are on LinkedIn The hospital did not, for example, have a basic imaging device known as a C-arm, used for X-rays of bone fractures. Rich L.A. homeowners are snapping them up, Musks master plan for Tesla is built around sustainable energy economy, What to expect from Elon Musks third master Tesla plan, Drugmaker Eli Lilly to slash insulin prices, Stocks slip as stubborn inflation raises rate expectations, The chance of a lifetime: Five friends ski the tallest mountain in Los Angeles, Best coffee city in the world? Molina's operating performance may explain Zubretsky's high compensation. Well, we all worked in it growing up. He actually took me on and I worked with him. 2. Description: Notice of appeal lodged/received. by Pierce Nahigyan, Staff Writer November 5, 2018. The city said it is still negotiating with the state. The most recent stock trade was executed by Marc Russo on 12 December 2022, trading 1,500 units of MOH stock currently worth $526,755. John Molina's Pacific6 scores $55M financing for LB luxe landmark. May 03, 2022 10:00 AM. At the time of the assessment, MWN consisted of four individuals, including John Molina and his physician brother, J. Mario Molina, who was overseeing a medical group called Golden Shore Medical and was Molina Healthcares former CEO. Kevin is a business leader with over two decades of experience building teams, developing and executing strategies, creating competitive advantages and driving operational improvements. sale Molina Healthcare Long Beach, California 01/10/2023; Assoc Analyst, Provider Config Molina Healthcare Detroit, Michigan 01/03/2023; Assoc Analyst, Provider Config Molina Healthcare Long Beach, California 01/03/2023; Analyst, Data Molina Healthcare 12/15/2022; LVN Nurse Auditor: Delegation Oversight Molina Healthcare Long Beach, California 11/07 . With all those costs, he says, there was just no way to make it work.. In all, the city received interest from five companies to operate Community Hospital. Molina Healthcare began as a family business and still is, to a large extent. Insiders trading at Molina Healthcare Inc. . According to the SEC Form 4 filings, John C Molina has made a total of We needed to hit 50. Prior to his involvement with Pacific6, Todd played music, worked in restaurants, practiced law, served as GM and general counsel in the automotive industry and was head of HR for a Fortune 200 company. 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.. Michelle earned her Bachelor's degree in Radio/TV Communication from . The company also has Medicare programs, and more than 1 million customers who purchased a plan on one of the marketplace exchanges created by the Affordable Care Act, or Obamacare. 2004-2023 GuruFocus.com, LLC. Mary R Molina Net Worth What's Mary Molina's mailing address? And I was supported the whole way.. I enjoyed the problem solving. 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