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Molina Healthcare Inc (MOH.N)

MOH.N on New York Stock Exchange

72.94USD
23 Feb 2018
Change (% chg)

$1.38 (+1.93%)
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Latest Key Developments (Source: Significant Developments)

Molina Healthcare Says New Mexico Human Services Department Notified Co's New Mexico Health Plan That It Was Not Selected For Tentative Award Of Contract
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Molina Healthcare Inc ::MOLINA HEALTHCARE - NEW MEXICO HUMAN SERVICES DEPARTMENT NOTIFIED CO'S NEW MEXICO HEALTH PLAN THAT IT WAS NOT SELECTED FOR TENTATIVE AWARD OF CONTRACT.MOLINA HEALTHCARE - TENTATIVE AWARD DOES NOT AFFECT NEW MEXICO PLAN'S CURRENT CONTRACT WITH NEW MEXICO HSD, WHICH RUNS TO DEC 31, 2018.MOLINA HEALTHCARE- MEDICAID PREMIUM REVENUE OF NEW MEXICO PLAN, UNDER CENTENNIAL CARE CONTRACT, AMOUNTED $893MLN FOR 9 MONTHS ENDED SEPT 30, 2017.MOLINA HEALTHCARE SAYS FOR FISCAL YEAR 2017, CO EXPECTS THAT NEW MEXICO HEALTH PLAN WILL NOT BE PROFITABLE.  Full Article

Molina Healthcare - On Dec 4 Co Entered Commitment Letter With Suntrust Bank And SunTrust Robinson Humphrey
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Molina Healthcare Inc ::MOLINA HEALTHCARE - ON DEC 4 CO ENTERED COMMITMENT LETTER WITH SUNTRUST BANK AND SUNTRUST ROBINSON HUMPHREY - SEC FILING.MOLINA HEALTHCARE INC - AS PER COMMITMENT, PARTIES TO PROVIDE 364-DAY BRIDGE FACILITY OR 8-YEAR BRIDGE FACILITY BOTH FOR UPTO $550 MILLION.  Full Article

Molina Healthcare reports Q3 loss per share of $1.70
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Molina Healthcare Inc ::Molina Healthcare announces third quarter results.Q3 loss per share $1.70.Q3 earnings per share view $0.20 -- Thomson Reuters I/B/E/S.Qtrly ‍total revenue $5,031 million versus $4,546 million​.Results for quarter include $3.16 per diluted share in impairment and restructuring costs​.  Full Article

Molina Healthcare names Joseph Zubretsky as CEO
Wednesday, 11 Oct 2017 

Oct 10 (Reuters) - Molina Healthcare Inc :Molina Healthcare names Joseph M. Zubretsky president & Chief Executive Officer.Molina Healthcare Inc - ‍ Zubretsky will also be appointed as a member of board of directors when he joins company​.Molina Healthcare Inc - ‍zubretsky will succeed interim Chief Executive Officer, Joseph W. White​.Molina Healthcare Inc - ‍White will remain with Molina Healthcare in his role as Chief Financial Officer​.  Full Article

Molina Healthcare Q4 loss per share $1.64
Thursday, 16 Feb 2017 

Molina Healthcare Inc : Molina Healthcare reports fourth quarter and year-end 2016 results and provides fiscal year 2017 outlook and guidance . Q4 adjusted loss per share $1.54 . Q4 loss per share $1.64 . Sees FY 2017 earnings per share $1.72 . Q4 earnings per share view $0.75 -- Thomson Reuters I/B/E/S . 2017 guidance of $1.72 net income per diluted share and $2.09 adjusted net income per diluted share .Molina Healthcare says poor performance of marketplace program was very detrimental to financial performance for both quarter and year ended Dec 31, 2016.  Full Article

Molina Healthcare to receive $75 mln termination fee following Aetna ending Humana merger
Wednesday, 15 Feb 2017 

Molina Healthcare Inc :Molina Healthcare - as result of Aetna ending Humana merger and plan to sell medicare advantage assets to Molina, Molina will get $75 million as termination fee.  Full Article

Molina Healthcare announces commencement of offer to exchange privately placed notes due
Thursday, 18 Aug 2016 

Molina Healthcare Inc : Molina healthcare announces commencement of offer to exchange its privately placed 5.375% senior notes due 2022 for registered 5.375% senior notes due 2022 .Has commenced an offer to exchange up to $700 million aggregate principal amount of its 5.375% senior notes due 2022.  Full Article

Molina Healthcare reports Q2 adj. earnings per share $0.67
Thursday, 28 Jul 2016 

Molina Healthcare Inc : Molina Healthcare reports second quarter 2016 results . Q2 adjusted earnings per share $0.67 . Q2 earnings per share $0.58 . Q2 revenue $4.4 billion versus I/B/E/S view $4.35 billion . Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S . Molina Healthcare Inc says net income per share guidance for fiscal year 2016 remains unchanged .FY2016 earnings per share view $2.58 -- Thomson Reuters I/B/E/S.  Full Article

Molina Healthcare says Commonwealth Of Puerto Rico paid 3 weekly installments for April
Saturday, 14 May 2016 

Molina Healthcare Inc : As of April 29, 2016, commonwealth of puerto rico had paid us first three weekly installments due for month of April 2016 . Subsequently received from Puerto Rico fourth and final installment of premiums for april month of service . Puerto Rico Health Insurance administrator notified would be unable that time to make fourth and final payment of capitation amount due for April .Believes that commonwealth will continue to pay premiums on a timely basis - sec filing.  Full Article

Molina Healthcare to acquire the Total Care Medicaid Plan in Upstate New York from Universal American
Wednesday, 20 Apr 2016 

Molina Healthcare:Entered into a definitive agreement in which Molina will acquire Universal American's Total Care Medicaid plan in upstate New York.Says deal for a purchase price of $41.3 million.  Full Article

BRIEF-Molina Healthcare Reports Q4 Loss Per Share $4.59

* MOLINA HEALTHCARE ANNOUNCES FOURTH QUARTER AND YEAR-END 2017 RESULTS AND PROVIDES FISCAL YEAR 2018 PRELIMINARY GUIDANCE