The information on this site is in no way guaranteed for completeness, accuracy or in any other way. With nearly 20 years of experience working with PeaceBuilders and at-risk youth in . 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. Cardiologist Mike Vasilomanolakis, who came back to Community to serve as vice chief of staff, says the hospital was forced to hire nurses from registries, with some charging hundreds of dollars an hour. 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. Molina is scheduled to report . John also answers to John C Molina, and perhaps a couple of other names. 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. 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. 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. Representatives for the California Department of Public Health were not available for comment. 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.". 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. If the problem persists, email the Casetext support team at support@casetext.com. If the carrier you wish to find is not in this list, revise your search string to be more specific and re-submit the query. Officials say its hard to know why patients failed to materialize at Community but speculated that the pandemic was keeping many people away from emergency rooms out of fear theyd become infected or have to endure grueling waits. They didnt want a lot of organized activities. 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. I want to take over the design of an entire building. Have it from start to finish. So, she received her masters in Architecture at California State University, Pomona. John C Molina made In this article, we take a look at John John Molina's net worth in 2021, total earnings, salary, and biography. 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. Todd sits on the board of directors of the Long Beach Convention and Visitors Bureau and the Downtown Long Beach Alliance. At the age of twenty-nine, she has achieved so much, and most people wish to know how much she is worth. Molina added that the business grew because his father believed he could, despite people telling him that he couldnt do it. Our mission at the Long Beach Post and Long Beach Business Journal is to give the news impartially, without fear or favorwords famously written by the publisher of the New York Times in 1896. President and CEO Joseph Zubretsky. It's a life that has grown out of her ability to follow her passions, always encouraged by her parents. However, her numerous income streams and charity events are proof that she can be making a dime. According to the SEC Form 4 filings, John C Molina has made a total of In December, the new leaseholder closed Community after just 11 months, leaving Long Beach on the hook to repay millions of dollars for the operators losses, meaning the city will likely have to sell the multimillion-dollar hospital property that its owned since the early 1900s. Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. The Molina Family in Molina Healthcare, Inc. (Replay) Education Equals Opportunity Too: Teaching Life Lessons. Molina and Watson denied that she had done anything to influence the awarding the contract. John John Molina's age is 57. The company was founded in 1980 by C. David Molina, an emergency room doctor in Long Beach. The council voted 7-0 to approve the lease. 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. 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. 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 . Longtime community supporters say they were heartbroken. Past performance is a poor indicator of future performance. I enjoyed the problem solving. John Molina owns over 20,480 units of Molina Healthcare Inc stock worth over $125,062,076 and over the last 19 years John sold MOH stock worth over $64,236,579. and 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. & Financial Affairs & Trustee & Molina Siblings Trust. Kimverlie "Kim" Soriano Molina (born July 1, 1991) or better known as Kim Molina, is a Filipina singer and actress for TV, Film, and Theater. To learn more about us visit: http://bit.ly/padnettvLike us on Facebook: http://bit.ly/padnettvfbFollow us on Twitter: http://bit.ly/padnettvtFollow us on In. Finally, one place to get all the court documents we need. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. John Molina's Pacific6 scores $55M financing for LB luxe landmark. Its a great franchise, Wolf told the analysts. John and the team felt very confident regardless of the change, the mayor 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. DocketDescription: Notice of appeal lodged/received. Most recently, John served as Associate Vice President for Molina Healthcare, a Fortune 200 managed care organization where he spearheaded a local university partnership to launch the companys first paid internship development program, featuring an interactive curriculum and on-the-job project leadership training. . Inmate Release Report Snapshot taken: 2/28/2023 6:00:11 AM Projected Release Date Booking No Last Name First Name 3/1/2023 6549164 AGUILERATOLEDO MARTIN The company cited financial performance for their ouster. The nursing costs were unbelievable, he says. I read that quote a long time ago and he and I thought that really says it all.. 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? nearly $20 million in cash and stock and John Molina is entitled to a . Insiders are limited to only officers and/or directors of the company. 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. We needed to hit 50. Details can be seen in John C Molina's Latest Holdings Summary section. John Molina , 57. In 2010, John and his siblings funded the construction of the Aquariums Molina Animal Care Center. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. As CFO, John oversees all financial and corporate development functions including accounting and finance, treasury, investor relations, marketing, human resources and market expansion. (He bought the Business Journal in 2020.). We knew there were big costs. The City Council absolutely wanted a hospital. LONG BEACH, Calif.--(BUSINESS WIRE)--Jul. No, net worth is not yearly. Then the pandemic arrived, only compounding the costs as it swept across Los Angeles County and the nation. John John Molina (born March 17, 1965) is famous for being boxer. Only a trickle showed up, despite the outcry among former employees and others in the community that the hospitals services were essential. But such concerns, while heartfelt, were apparently misguided. He says the pandemic drove costs sky-high for seismic repairs, staffing and equipment. Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018. Purchased in November 2017 by Pacific6, an investment group made up of six Long Beach entrepreneurs, the hotel is slated to open in 2020. Net income. 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.. 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. Resides in La Habra, CA. 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. That no-bid contract, considered then to be worth $400 million, became controversial after Molinas application listed state Sen. Diane Watson (D-Los Angeles) on its board of directors. John C Molina is the Director of Molina Healthcare Inc and owns about 2,346,497 shares of Molina Healthcare Inc (MOH) stock worth over $687 Million . 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. sale The company cited poor financial results. There are 600+ professionals named "John Molina", who use LinkedIn to exchange information, ideas, and opportunities. Under the lease, the city would cover those losses by selling the publicly owned Community Hospital property or essentially giving it to MWN. Wherever the appraisals land, its unclear how Long Beach would reimburse MWN if, as the state contends, transferring the property directly is off the table. Joseph Molina in Long Beach, CA 18 results - Joseph Molina may also have lived outside of Long Beach, such as Bell Gardens, Huntington Park and 2 other cities in California. In January 2021, after state approvals, the hospital finally reopened to take transfer patients from hospitals confronting COVID surges. He lives in Long Beach, California with his wife and three children. May 03, 2022 10:00 AM. We didnt go into this completely blind, he says. Molina, Dowling and Sommers have no involvement in our day-to-day editorial operation and no mechanism to directly influence our coverage. TRD Staff. Only once in its six years as operator of the city-owned hospital had health care giant MemorialCare turned a profit on the small, 158-bed acute care facility. 2. That same year, he also bought the Post, he says, to improve news coverage of his hometown. stock. An avid bicycle commuter, Jon lives in Long Beach with his wife and three children. . For over 30 years, David has specialized in the creative direction and production of marketing and education materials on all forms of media. and Only the transactions in Open Market or Private Sale at the market prices are included. Molina Healthcare is on the brink of major layoffs, the Press-Telegram has confirmed. 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. Pacific6 will continue to build on this portfolio of projects as new opportunities and relationships develop. Sim and Wu did not respond to interview requests from the Post. Refine Your Search Results. In recent interviews, Long Beach fire officials said that in the months after the MemorialCare closure, the department was able to absorb the impact with just seconds being added to citywide transport and response times. Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018. The most-recent trade in Molina Healthcare Inc is the But theyve hit a snag, Review: A reimagined Secret Garden fails to flower anew at the Ahmanson Theatre, TikTok to set default daily time limit of 60 minutes for minors, Column: While workers struggled during the pandemic, CEO pay went up, up, up, Elizabeth Holmes cites her new baby as a reason she should avoid prison for Theranos scam. Long Beach-based Pacific6 Enterprises has secured $55 million in financing to complete an environmental upgrade to its century . He opened a private internal medicine practice following a preceptorship at St. Mary Medical Center in Long Beach. Raised in Orange County, Michelle has been in Long Beach for over 20 years where she currently lives with her two children and husband, John, CFO for Molina Healthcare. Personal Details View All 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. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, DocketDescription: Civil case information statement filed. Salad is off the menu in Britain because of vegetable shortages. 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. John C Molina currently owns a total of 1 ; 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. Michelle earned her Bachelor's degree in Radio/TV Communication from . John Molina, the former chief financial officer at Molina Healthcare, has resigned from its board of directo During Molinas tenure as CFO, the company has gone public and more than doubled the number of Medicaid lives it covers, as well as tripled revenues. Respondent and Defendant Attorney. Description: Default notice sent; no case information statement filed, or statement incomplete. I thought it would be a good thing.. We are so ingrained in the community and making it the best place it can be and teaching our children the same thing., Janet Molina-Watt Long Beach Molina Healthcare. 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. 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. 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. Vasilomanolakis says it was ordered but got held up in the pandemics massive supply-chain backlog. John C Molina is the Exec. Under Review. The information we shared in the press release is all there is to say, he said. Salary in 2019. Description: Notice of appeal lodged/received. But the patient count also remained low because the hospital itself was turning people away or sending them elsewhere because of staffing shortages and a lack of equipment, Vasilomanolakis says. Just like we did at home. Davids career began in education. John Molina was confident he could deliver where MemorialCare had failed. Personal details about John include: political affiliation is . , The co-trustee of two Molina family trusts is listed as owning an additional 17.4% of the company. 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. Todd holds a Bachelor of Arts degree in philosophy from UCLA and a Juris Doctorate from Southwestern University School of Law. GuruFocus.com is not operated by a broker or a dealer. 3711 Long Beach Blvd. Under pressure to get a deal done, the Long Beach City Council approved a highly unusual lease agreement that shifted the financial risk to the city and resulted in a worst-case scenario. 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. a net 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. of 453,697 shares. They wanted us to read., Exploration was also important for the Molina family. Molina says soaring construction costs during the pandemic pushed the initial retrofit estimate of around $50 million to $79 million. But their heart was in the right place. ; Notes: Appellant (3/17/2021 by Michelle Molina ) is in default for failure to file a Case Information Statement pursuant to California Rules of Court, Rule 8.100(g). Then, she found a stepping stone to her calling at California State University, Long Beach when she met an interior designer who was doing some work for her parents. And the city responded, with crushing consequences. He actually took me on and I worked with him. 2004-2023 GuruFocus.com, LLC. To review the remaining two proposals and offer a recommendation, the city hired Los Angeles-based COPE Health Solutions. 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. Category: Richest Athletes Baseball Players Net Worth: $45 Million Date of Birth: Jul 13, 1982 (40 years old) Place of Birth: Bayamn Gender: Male Profession: Baseball player He says he lost $30 million, an amount the city is now attempting to verify before potentially parting with its 8.7-acre property. 2020-06-23, Los Angeles County Superior Courts | Labor | The estimated Net Worth of John C Molina is at least $166 Milione dollars as of 26 February 2018. White will serve as chief financial officer and interim chief executive while the board seeks a replacement for the top post. All but MWN and Palisades Health Solutions withdrew from the competition, citing the high cost of seismic compliance, according to city officials. Janet Molina-Watt. Why is this public record being published online? Watson helped oversee Medi-Cal as chairwoman of the Senate Health Committee. 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. Sign up for the California Politics newsletter to get exclusive analysis from our reporters. 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. . Pacific6 looks across a broad spectrum of opportunities to determine the best fit for our mission. The current estimated net worth of Molina Healthcare Inc's CFO, John Molina, is estimated to be about $213.37M . []For more visit https://www.olansi.net Liked by John Molina. We seek projects both for-profit and non-profit that offer unique potential for economic and social advancement, utilizing best ideas, resources, people, and practices to create an environment for sustained success. The fact that we had a smaller footprint we thought would be advantageous.. In California, Molina currently insures 765,000 people and operates its own clinics around the state. Enter John Molina, whose late father founded Long Beach-based Molina Healthcare, one of the countrys largest providers for Medicaid patients and others with government-subsidized health care. In summary, during the past 3 months, insiders sold 4,000 shares of Molina Healthcare Inc (MOH) in total and bought 0 shares, with a net Growing up, even before the family business, it was always an unspoken rule that we support each other. That meant going to their sisters drama performances and their brothers basketball games. They had incredible work ethic, both of them. The most active insiders traders include Williampedersen Curtismary , John C Molina e J Mario Md Molina. What is John Molina's Net Worth? Stock quotes provided by InterActive Data. I was never all that interested in the project to begin with, Mario Molina now says. In recent months, he had been outspoken about what he believed was wrong with the Republicans plans to replace the ACA. 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.. In this week's edition of the Long Beach Business Podcast, the Business Journal sat down with John Molina of Molina, Wu, Network (MWN) to discuss the future of Community Hospital. The hospital did not, for example, have a basic imaging device known as a C-arm, used for X-rays of bone fractures. John Molina founder, Pacific6, speaks at the grand reopening of Community Hospital Long Beach in Long Beach on Thursday, May 27, 2021. 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. Select this result to view John M Molina's phone number, address, and more. We were devastated when we found out it was closing, says Jackie McKay, a nurse who had worked at Community since 1985 and lives down the street. Independent appraisals are also underway to determine the value of the land, a months-long process. He has guided the successful merger and acquisition process of several subsidiary companies that resulted in new business and revenue expansion. 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. According to financial filings, J. Mario Molina owns 2.86% of the company, while John Molina owns 2.33% of the shares. When MemorialCare, Long Beachs largest health care provider, assumed operations of Community in 2011, the hospital had been struggling for years and was on the verge of being shuttered. Hours: 8:00AM - 5:00PM. 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. In light of the companys disappointing financial performance, the board has determined to change leadership in order to drive profitability through operational improvements, Wolf said in a statement early Tuesday. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Full Summary. Warmer storms could cause problems, Dramatic before and after photos from space show epic snow blanketing SoCal mountains. Whos benefiting from Russias war on Ukraine? But Community Hospital continued operating at a loss nearly every year, according to financial documents submitted annually by MemorialCare to the state. Molina Healthcare also released its first-quarter 2017 results Tuesday, reporting net income per diluted share increased to $1.37 in the first quarter of 2017 compared with $0.43 for the first . Jon has also managed nationwide workforce training initiatives, corporate wellness programs, and new hire onboarding for thousands of employees across multiple states. The 57-year-old boxer was born in Puerto Rico. 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. 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. INC., ONE GOLDEN SHORE DRIVE, LONG BEACH, CA, 90802. 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. He is known for being a Boxer. Industry Health Care Equipment & Services. On 03/17/2021 Michelle Molina filed an Other court case against John Molina in California Courts of Appeal. Our investigative journalism is funded in part by readers like you. Hyundai was poised to become Teslas top contender. J. Mario Molina succeeded his father, C. David Molina, as CEO in 1996. And with that, a warning by the economic team before the City Councils vote had come to pass. GAAP net income for the second quarter of 2021 was $185 million, . Insiders trading at Molina Healthcare Inc. . A determined legion of save our hospital stakeholders kept the pressure on at City Hall to make that happen. ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. 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. Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. The most significant incentive: MWN could terminate the 45-year lease at any time and Long Beach would have to reimburse the company for its operational losses, even if the hospital never saw a patient. In 1996 broker or a dealer corporate wellness programs, and most people wish to know john molina long beach net worth much she worth. Replacement for the Molina family largest trade John 's ever made was selling 700,000 of. Business WIRE ) -- Jul environmental upgrade to its century families and individuals blanketing SoCal mountains denied... 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