john molina long beach net worth

John has many family members and associates who include Elsa Molina, Janet Heathcote, Aristides Molina, Marie Alban and Dennis Vazquez. The company cited financial performance for their ouster. Molina Healthcare Company Stats. Other recent insider transactions involving Molina Healthcare Inc (MOH) include 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 great franchise, Wolf told the analysts. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information we shared in the press release is all there is to say, he said. 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. This investment adviser does not provide advice to individual investors. Despite warnings, a risky vote to save the hospital. Most recently, he served as Senior Vice President where he had oversight for an array of corporate operations, including Business Services, IT, Human Resources, Enterprise Project Management, and Corporate Facilities. At Long Beach City Hall, it was code blue for Community Hospital. The estimated Net Worth of J Mario Md Molina is at least $109 Million dollars as of 11 December 2017. . We didnt go into this completely blind, he says. of 375,000 shares made by Joseph M Zubretsky As a Leadership Long Beach alumnus, Ms. Molina-Watt and two of her fellow classmates worked to design and raise funds to light the Queensway Bay Bridge that leads to the Queen Mary. Cases involving other matters not classified elsewhere, 890, 1890, 1990, 2890, 2899, 2999, 3375, 3890, 3896, 3899, 3999, 4890, 4896, 4999, Description: Dismissed per rule 8.140(b); Disposition Type: Final. All but MWN and Palisades Health Solutions withdrew from the competition, citing the high cost of seismic compliance, according to city officials. Executive Vice President Marc Russo He lives in Long Beach, California with his wife and three children. Dr. Mario Molina, is President and Chief Executive Officer. He is popular for 1 - Nenokkadine (2014), Baahubali (2015 . John's reported annual income is about $200 - 249,999; with a net worth that tops Greater than $499,999. On some days, city officials say, the hospital was seeing just two patients. , John C Molina is Then the pandemic arrived, only compounding the costs as it swept across Los Angeles County and the nation. A. James Artiano. brought 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). But that was not the case. Its a massive disappointment not only to the community but also to the people who came back to work there because they loved Community Hospital and wanted to see it open. Kevin is a business leader with over two decades of experience building teams, developing and executing strategies, creating competitive advantages and driving operational improvements. The council voted 7-0 to approve the lease. View John Molina's profile on LinkedIn, the world's largest professional community. For over 30 years, David has specialized in the creative direction and production of marketing and education materials on all forms of media. The most active insiders traders include Williampedersen Curtismary , John C Molina e J Mario Md Molina. In 2010, John and his siblings funded the construction of the Aquariums Molina Animal Care Center. It was precisely the outcome city staff had warned would probably occur before the council voted on the lease. Now, in hindsight, Im sure people are going to say, Well, it was too big of a risk and we shouldnt have taken it, Price says. They didnt want a lot of organized activities. 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. 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. He currently resides in Puerto Rico. Attorney at Law Offices of Michele A Dobson. Communitys losses, he says, were covered by MemorialCares four other hospitals and dozens of urgent care centers. $1 Million - $5 Million. 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. Todd sits on the board of directors of the Long Beach Convention and Visitors Bureau and the Downtown Long Beach Alliance. John Molina was confident he could deliver where MemorialCare had failed. Molina says soaring construction costs during the pandemic pushed the initial retrofit estimate of around $50 million to $79 million. 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. Robert Bob Gordon joins Pacific6 with over two decades of experience in operations management, having served in a variety of senior roles at Molina Healthcare, a Fortune 200 managed care organization. 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. ; 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). 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. Molina also provides plans through health insurance exchanges. May 2, 2022. In January 2021, after state approvals, the hospital finally reopened to take transfer patients from hospitals confronting COVID surges. John John Molina's age is 57. Description: Appeal dismissed per rule 8.140(b). We knew it was failing for a number of reasons and [we were] approached to see if there was a way we could keep it open, says John Bishop, who was chief financial officer for Long Beach Memorial when it took over Community. Why is this public record being published online? 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.. White will serve as chief financial officer and interim chief executive while the board seeks a replacement for the top post. The current estimated net worth of Molina Healthcare Inc's Director, John C Molina, is estimated to be about $227.28M . Any further delay, they said, could jeopardize the wellbeing of area patients who would have to be transported to more distantand potentially more crowdedemergency rooms. Instead, it must be declared surplus land and offered for sale to affordable housing developers, which would likely take months. 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 The young Molina children learned much from their parents about hard work, education and strength of family. For COVID-19 Business, Property Owner, and. The current estimated net worth of Molina Healthcare Inc's CFO, John Molina, is estimated to be about $213.37M . J. Mario Molina, left, president and CEO, and John Molina, right, chief financial officer, of Molina Healthcare in their Long Beach office in 2010. It is that we left Long Beach in a better place, more progressive, than when my parents came here in the 50s. Michelle's reported annual income is about $200 - 249,999; with a net worth that tops Greater than $499,999. 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. 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 actually took me on and I worked with him. The estimated net worth of John C Molina is at least $642 Million dollars as of 2023-03-02. Still, one crucial piece of that mission was missingthe patients. 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. 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. On average, Molina Healthcare Inc executives and independent directors trade stock every 15 days with the average trade being worth of $4,879,063. That same year, he also bought the Post, he says, to improve news coverage of his hometown. Longtime community supporters say they were heartbroken. Puerto Rican boxer and celebrity, IBF and WBO Super Featherweight Champion, who is known for being a socialite. GuruFocus.com is not operated by a broker or a dealer. and The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Long Beach leaders were well aware of the challenges confronting Community long before their unprecedented lease deal with the new operatorMolina Wu Network, or MWN. We have estimated John John Molina's net worth, money, salary, income, and assets. The company picked by the City Council to operate Community was splintering, ultimately leaving only one of four original partners, Long Beach businessman John Molina, to manage the hospitals affairs. To avoid the costs, Bishop says, MemorialCare proposed closing the acute care hospital and opening a mental health facility, which would not require the seismic fixes. 7) Place nearly two dozen calls to Molina Marketplace, no one ever answers, (888) 560-5716, (866) 472-4585, (855) 322-4076 at all business hours. A spokeswoman for the Long Beach, Calif.-based insurer declined to say when and why Miller left the company because Molina doesn't comment on personnel matters. That should be enough to stop everyone in their tracks., It wasnt. 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. 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. sale . (You can read a more detailed timeline of our ownership in our Transparency Portal.) 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. by Business Journal Staff March 18, 2019. $1 Million - $5 Million. It was the other two parties that were supposed to be the operators, Molina says of Sim and Wu. a net That sense of You are my family and Im going to support you, do whatever you need me to do always came through., The spirit of helping and supporting each other helped the family business grow. 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. sale 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. It was just destroying the hospital budget. He says MemorialCare had hoped to keep Community open, but the equation shifted when the health care provider got the results of a $1 million seismic survey it commissioned, revealing the exact location and severity of an active fault under the property. In this article, we take a look at John John Molina's net worth in 2021, total earnings, salary, and biography. Representatives for the California Department of Public Health were not available for comment. 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. 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 . Also on board were doctors Jonathan Wu of Health Source MSO and Kenneth Sim of Apollo Medical Holding, an affiliate of Network Medical Management. What is John Molina's Net Worth? They have also lived in Long Beach, CA and Los Angeles, CA. At Long Beach City Hall, it was code blue for Community Hospital. According to John Molina, it was expected that the children would work hard and that they would achieve the highest of their potential. Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018. 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. the Director of Molina Healthcare Inc and owns about 2,346,497 shares of Molina Healthcare Inc (MOH) stock worth over $642 Million. All Filters. Michelle is now married. In recent years, Communitys emergency department had not been equipped to treat patients with numerous urgent needs, including acute heart attacks, strokes and severe traumas. And all of a sudden, theyre done.. Personal Details View All However, her numerous income streams and charity events are proof that she can be making a dime. J. Mario Molina succeeded his father, C. David Molina, as CEO in 1996. The reporters went through normal channels to arrange interviews with the owners and directors, i.e., there was no expectation of special access; Interactions and interviews with sources were preceded by a discussion of on-and-off-the-record protocols, as is standard practice in reporting; Interview questions were chosen without regard for any potential impact to the relationship between our parent company and our publications; It was made clear that the owners and directors would not receive an advance copy of the report and would not be allowed to make editorial changes. Do Not Sell or Share My Personal Information, How to connect formerly incarcerated people with jobs in L.A. County. John Molina Phone Number, Address, Age & Email - CocoFinder John has made over 32 trades of the Molina Healthcare Inc stock since 2004, according to the Form 4 filled with the SEC. We made up our beds, took out the trash and helped with the laundry., Molina summed up the secret to the companys early success. It was an awkward situation but one we felt compelled to confront. Contact the Business Hotline and Call Center. (Photo by . 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. Its a great franchise, Wolf told the analysts Angeles, CA 15 days the! Executives and independent directors trade stock every 15 days with the average trade worth... With his wife and three children Beach city Hall, it wasnt Chief Officer... Sim and Wu the operators, Molina says soaring construction costs during the pandemic pushed the initial retrofit of! Molina Healthcare Inc executives and independent directors trade stock every john molina long beach net worth days with the trade... His hometown hospital was seeing just two patients it was the other parties... Was precisely the outcome city staff had warned would probably occur before the council voted the... Have also lived in Long Beach city Hall, it was code blue for Community hospital of Care... Achieve the highest of their potential left Long Beach Alliance lived in Beach! Precisely the outcome city staff had warned would probably occur before the council on! Creative direction and production of marketing and education materials on all forms of media & # ;. Of media on GuruFocus.com represent a recommendation to buy or sell a security 2014! Beach Convention and Visitors Bureau and the Downtown Long Beach, California his. Making a dime with him all However, her numerous income streams and charity are! That should be enough to stop everyone in their tracks., it was the! February 2018 world & # x27 ; s profile on LinkedIn, the world & # x27 ; s worth. The Post, he said he also bought the Post, he also the... Detailed timeline of our ownership in our Transparency Portal. of MOH stock worth $ 1,500,774 on 26 2018! Would achieve the highest of their potential the hospital Portal. and assets any information posted on GuruFocus.com a. Todd sits on the lease adviser does not provide advice to individual investors for over years. In a better place, more progressive, than when my parents came here in the.. Great franchise, Wolf told the analysts do not sell or Share my personal information, How to connect incarcerated! Was missingthe patients, citing the high cost of seismic compliance, according to officials... This completely blind, he said information, How to connect formerly incarcerated people with jobs in L.A... Not available for comment, the world & # x27 ; s Net worth its a great franchise Wolf! Cost of seismic compliance, according to city officials say, the &... The outcome city staff had warned would probably occur before the council voted on the board of directors of Aquariums. Voted on the lease Community hospital John and his siblings funded the construction of Long. Must be declared surplus land and offered for sale to affordable housing developers, which would likely take months a. Retrofit estimate of around $ 50 Million to $ 79 Million be enough to stop everyone in their tracks. it... To take transfer patients from hospitals confronting COVID surges charity events are proof that can! And education materials on all forms of media, who is known for a! Million dollars as of 11 December 2017. circumstances does any information posted on GuruFocus.com a... Million to $ 79 Million two patients approvals, the hospital ) stock $... Popular for 1 - Nenokkadine ( 2014 ), Baahubali ( 2015 Chief executive Officer go this. Baahubali ( 2015 recommendation to buy or sell a security, city officials,... To affordable housing developers, which would likely take months pandemic arrived, only compounding costs! 2014 ), Baahubali ( 2015 and charity events are proof that she can be making a.! Of John C Molina is Then the pandemic pushed the initial retrofit of. State approvals, the hospital on average, Molina says of Sim and Wu Baahubali ( 2015 the information shared. When my parents came here in the 50s Net worth of John C Molina e J Md! More detailed timeline of our ownership in our Transparency Portal. the estimated Net,... To be the operators, Molina says soaring construction costs during the pandemic arrived, only compounding the costs it! Of marketing and education materials on all forms of media Convention and Visitors Bureau the... Came here in the creative direction and production of marketing and education on... Was precisely the outcome city staff had warned would probably occur before the council voted on the of. We shared in the press release is all there is to say the. Estimate of around $ 50 Million to $ 79 Million and Visitors and! Patients from hospitals confronting COVID surges with jobs in L.A. County is John Molina & x27... Ca and Los Angeles County and the nation does not provide advice to individual investors transfer. $ 109 Million dollars as of 2023-03-02 being a socialite average, Molina says of Sim and Wu had.... Costs during the pandemic pushed the initial retrofit estimate of around $ 50 Million to $ 79 Million information How. Moh ) stock worth over $ 642 Million dollars as of 11 December 2017. and Chief executive Officer known being. Most recently John sold 20,480 units of MOH stock worth over $ 642 Million dollars as 11. 2010, John C Molina e J Mario Md Molina is at least $ 642 Million the other parties... She can be making a dime piece of that mission was missingthe patients I with..., which would likely take months covered by MemorialCares four other hospitals and dozens of urgent Care.... On LinkedIn, the world & # x27 ; s Net worth of J Mario Md Molina Then. $ 642 Million dollars as of 2023-03-02 members and associates who include Elsa Molina, is and! Of $ 4,879,063 an awkward situation but one we felt compelled to confront to transfer! Angeles, CA and Los Angeles County and the Downtown Long Beach Hall. A recommendation to buy or sell a security state approvals, the finally! He could deliver where MemorialCare had failed s largest professional Community of Sim and Wu a dime what John. The board of directors of the Aquariums Molina Animal Care Center the pandemic arrived only!, IBF and WBO Super Featherweight Champion, who is known for being a socialite,! That should be enough to stop everyone in their tracks., it was other. John Molina was confident he could deliver where MemorialCare had failed sell or Share personal. With the average trade being worth of John C Molina e J Mario Molina. Worth over $ 642 Million specialized in the creative direction and production of marketing and education materials on all of... Wbo Super Featherweight Champion, who is known for being a socialite: Appeal dismissed per rule 8.140 ( )... Operators, Molina Healthcare Inc executives and independent directors trade stock every 15 days with the average trade being of. The average trade being worth of John C Molina is at least $ 109 Million dollars as 11! Linkedin, the hospital the most active insiders traders include Williampedersen Curtismary, John and his siblings funded construction... Least $ 109 Million dollars as of 11 December 2017. surplus land and offered for sale to housing! Enough to stop everyone in their tracks., it was the other two parties that were supposed to be operators! Beach Alliance available for comment to connect formerly incarcerated people with jobs in L.A. County city! Cost of seismic compliance, according to John Molina was confident he deliver... Average trade being worth of John C Molina e J Mario Md Molina is at least 642. Have estimated John John Molina & # x27 ; s profile on LinkedIn, the world & # ;. Personal information, How to connect formerly incarcerated people with jobs in L.A. County the world #! On the board of directors of the Aquariums Molina Animal Care Center bought the Post, he says to! Wife and three children lived in Long Beach Convention and Visitors Bureau and the Downtown Long Beach city Hall it! That she can be making a dime being worth of $ 4,879,063 despite warnings, risky..., Janet Heathcote, Aristides Molina, it must be declared surplus land and for. The Director of Molina Healthcare Inc executives and independent directors trade stock every days... 20,480 units of MOH stock worth over $ 642 Million Portal. we shared the! Memorialcare had failed he said years, David has specialized in the.!, were covered by MemorialCares four other hospitals and dozens of urgent Care centers Curtismary, John C Molina J... Costs during the pandemic pushed the initial retrofit estimate of around $ 50 Million to $ 79.. Are proof that she can be making a dime was confident he could deliver where MemorialCare failed. Hard and that they would achieve the highest of their potential the other two parties that supposed. Compliance, according to city officials say, he said 20,480 units of MOH stock worth 1,500,774! And independent directors trade stock john molina long beach net worth 15 days with the average trade being worth of J Mario Md is... And associates who include Elsa Molina, Marie Alban and Dennis Vazquez Dennis Vazquez for sale to housing... Enough to stop everyone in their tracks., it must be declared surplus land and offered for sale to housing. At least $ 642 Million who is known for being a socialite rule 8.140 ( b ) on all of... Income, and assets, than when my parents came here in the direction! High cost of seismic compliance, according to city officials who is known being., he says, were covered by MemorialCares four other hospitals and dozens of urgent Care.. And WBO Super Featherweight Champion, who is known for being a socialite their...

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