We were looking around. John John Molina's age is 57. 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. Ste 5047. Los Angeles, Randall Emmett, Ambyr Childers settle domestic violence restraining order dispute, Column: Supreme Court conservatives may want to block student loan forgiveness. For nearly a century, Community had served generations of residents in East Long Beach. Jon has also managed nationwide workforce training initiatives, corporate wellness programs, and new hire onboarding for thousands of employees across multiple states. In California, Molina currently insures 765,000 people and operates its own clinics around the state. 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. Description: Filing fee. 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. 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 May 03, 2022 10:00 AM. On the night of the City Councils lease vote, only one naysayer rose to speak against the proposed arrangement with Molinas MWN, longtime City Hall critic Corliss Lee. Why is this public record being published online? It's a life that has grown out of her ability to follow her passions, always encouraged by her parents. It was a job for which he was admittedly unprepared. He is from Puerto Rican. sale If the subsidies were not funded, he wrote, we will have no choice but to send a notice of default informing the government that we are dropping our contracts for their failure to pay premiums and seek to withdraw from the marketplace immediately.. the Director of Molina Healthcare Inc and owns about 2,346,497 shares of Molina Healthcare Inc (MOH) stock worth over $642 Million. And I was supported the whole way.. Description: Notice of appeal lodged/received. John C Molina owns 2,346,497 shares of Molina Healthcare Inc (MOH) as of February 22, 2018, with a value of $642 Million. (You can read a more detailed timeline of our ownership in our Transparency Portal.) 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. He is known for being a Boxer. 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 . John Molina , 57. Davids career began in education. 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. Molina is scheduled to report . In November, Molina gave a 90-day state-required notice that MWN was closing Community. 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. You might contact John C Molina via mailing address: C/o Molina Healthcare, Inc., One Golden Shore Drive, Long Beach Ca 90802. When it comes to acute care hospitals such as Community, California earthquake regulations are the most demanding to ensure safe operations after an earthquakean enormously costly undertaking for facilities with seismic problems. 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. 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. 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. 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. 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 . Bob received both a Bachelor and Master of Arts degree in Mathematics from California State University, Long Beach and began his career teaching math at community colleges throughout southern California. 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. This case was filed in Los Angeles County Superior Courts, Governor George Deukmejian Courthouse located in Los Angeles, California. 2020-06-23, Los Angeles County Superior Courts | Labor | ; 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. 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 From 2012 to 2017, the facility reported a net loss of nearly $27.2 million, only turning a profit in 2015 of $212,737. And I think thats one of the things they left us with was We can never just rest on our laurels. Cancellation and Refund Policy, Privacy Policy, and On a conference call Tuesday afternoon, analysts asked Wolf why the board had removed the executives so abruptly. Communitys losses, he says, were covered by MemorialCares four other hospitals and dozens of urgent care centers. DispositionDescription: Dismissed per rule 8.140(b); Disposition Type: Final. John Molina is a Founding Partner at Pacific6 Enterprises based in Long Beach, California. and Whats going on? Personal Details of Alfred Molina. sale Todds diverse background in philosophy, music, law, business and human resources brings a creative, common-sense perspective to Pacific6s leadership team. Phone Number: 562-570-4BIZ (4249) Days: Monday - Friday. LONG BEACH, Calif.--(BUSINESS WIRE)--Jul. Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. Founded 1980. of 20,106 shares made by Jeff D. Barlow They didnt want a lot of organized activities. Send her tips securely on Signal at (213) 327-8634. He currently resides in Puerto Rico. Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. 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. Dr. Martha Molina Bernadett is Executive Vice President of Research and Development and President and Founder of the Molina Foundation. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). They have also lived in Long Beach, CA and Los Angeles, CA. Molina-Watt started in college with theatre arts at Long Beach City college. Column: 15 minutes of fame flies by. But their heart was in the right place. In this article, we take a look at John John Molina's net worth in 2021, total earnings, salary, and biography. 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. 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. Pacific6 will continue to build on this portfolio of projects as new opportunities and relationships develop. John, Martha, Janet, and Josephine, as well as their spouses and children. For work these days, John is a Director at Molina Medical Centers. 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. Janet Molina-Watt. And we were all expected to help out. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, Description: Civil case information statement filed. A refreshing cup of iced honey lemon (w/o sugar) works wonders after a long day of shoot! Salary in 2020. ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. DAVID TELLING TODD LEMMIS JON HEIMAN BOB GORDON KEVIN DAVIS JOHN MOLINA. But that was not the case. Their attention was elsewhere, he says. But the hospital was now facing a nationwide nursing shortage. John A Molina, 51. . According to financial filings, J. Mario Molina owns 2.86% of the company, while John Molina owns 2.33% of the shares. Lived In Huntington Beach CA, Long . According to John Molina, it was expected that the children would work hard and that they would achieve the highest of their potential. by Business Journal Staff March 18, 2019. 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. It is that we left Long Beach in a better place, more progressive, than when my parents came here in the 50s. TRD Staff. Everybody was trying to do everything they could to bring the hospital back.. Court documents are not available for this case. The law has affected other high-profile projects, including the city of Anaheims plan to sell the land surrounding Angel Stadium to the teams owner. 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. Vasilomanolakis says he poured his heart and soul into saving the hospital, where he had worked for 39 years. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. of 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. of 4,000 shares. The most-recent trade in Molina Healthcare Inc is the Unfortunately, the details have not been documented. Mary's mailing address filed with the SEC is C/O MOLINA HEALTHCARE, INC., ONE GOLDEN SHORE DRIVE, LONG BEACH, CA, 90802 . According to the SEC Form 4 filings, John C Molina has made a total of Only the transactions in Open Market or Private Sale at the market prices are included. It was just destroying the hospital budget. 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. it was always about serving ourselves but serving others at the same time.. Description: Default notice sent-appellant notified per rule 8.100(c). For the familys legacy, Molina says. 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. 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. V.P. The two brothers will be replaced by Joseph White, currently the companys chief accounting officer. The information we shared in the press release is all there is to say, he said. . 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. John also answers to John C Molina, and perhaps a couple of other names. 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. Johns business and philanthropic connections to Long Beach are numerous and well-known. What is John Molina's Net Worth? ; 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). We were just supposed to be the citys liaison.. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. Net Worth in 2021. Other key executives at Apollo Medical Holdings Inc include SVP-Chief Accounting Officer John Vong . . DocketDescription: Default notice sent-appellant notified per rule 8.100(c). Net income. John and the team felt very confident regardless of the change, the mayor says. He actually took me on and I worked with him. As a charter member and the current Chair of the Board of Directors for the Aquarium of the Pacific, John is intimately involved in the $53 million Pacific Visions expansion of the Aquarium. Pacific Community Media, or PCM, which oversees our two publications, is a subsidiary of Molinas company Pacific6. Thank you, eat.play.love! John Molinas vision of that legacy, for himself, is simple. JOSE ADOLFO SALAZAR VS EAT GOOD STUFF INC., ET AL. The company footprint has expanded from operations in four states to 17 states since the companys IPO in July 2003. Longtime community supporters say they were heartbroken. The estimated net worth of John C Molina is at least $642 Million dollars as of 2023-03-02. In 1962, Dr. Molina developed Long Beach's first Intensive Care Unit at Pacific Hospital. SAFER has returned the first 500 matches found for your search. All Rights Reserved. In 2010, John and his siblings funded the construction of the Aquariums Molina Animal Care Center. Past performance is a poor indicator of future performance. Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018. Country United States. Molina Healthcare began as a family business and still is, to a large extent. To save Community Hospital, Long Beach leaders took a risky gambleand lost. 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. 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. Long Beach, CA. Kevin earned a Bachelor of Arts degree in Economics from Stanford University. 3711 Long Beach Blvd. We made up our beds, took out the trash and helped with the laundry., Molina summed up the secret to the companys early success. Net Worth in 2020. He loves to cook and entertain he developed a unique psychology-based career development model and invented a punctuation mark. by Pierce Nahigyan, Staff Writer November 5, 2018. ChatGPT who? The third result is John A Molina Sr age 80+ in San Gabriel, CA in the South San Gabriel neighborhood. John Molina Phone Number, Address, Age & Email - CocoFinder Also on board were doctors Jonathan Wu of Health Source MSO and Kenneth Sim of Apollo Medical Holding, an affiliate of Network Medical Management. He added that there was a sense we werent keeping up with our competitors.. But ultimately, like MemorialCare before him, Molina says it was the seismic repairs, which the state required to be completed by 2025, that sunk his efforts. But behind the scenes, it was facing the modern realities of hospital economics. John has many family members and associates who include Elsa Molina, Janet Heathcote, Aristides Molina, Marie Alban and Dennis Vazquez. View John Molina's profile on LinkedIn, the world's largest professional community. And the city responded, with crushing consequences. Who can help student-athletes cash in? Insiders trading at Molina Healthcare Inc. . Here we will discuss Alfred Molina Net Worth, Height, Weight, Age, Relation, Family, and more. Three of the Molina children still run the company. The company, for its part, would shoulder any losses above the propertys appraised market value, which, in 2018, was $17 million. Molina's operating performance may explain Zubretsky's high compensation. ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. 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. You can see the complete history of John Molina stock trades at the bottom of the page. nearly $20 million in cash and stock and John Molina is entitled to a . It was the other two parties that were supposed to be the operators, Molina says of Sim and Wu. 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. 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.. 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. Salad is off the menu in Britain because of vegetable shortages. a net Under Review. Contact the Business Hotline and Call Center. Molina added that the business grew because his father believed he could, despite people telling him that he couldnt do it. Attorney at Law Offices of Michele A Dobson. But Molina Healthcare was never far behind. In January 2021, after state approvals, the hospital finally reopened to take transfer patients from hospitals confronting COVID surges. 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. Although John Molina had experience in the health care industry, he says he never claimed to know how to run a hospital. Communitys emergency department would be authorized to open five months later. John Molina's Pacific6 scores $55M financing for LB luxe landmark. 62,420 shares on February 22, 2018, which . Mom was very involved in the PTA and while they never expressed disappointment if we didnt do well; they also didnt applaud us for doing well.. The best thing to do is believe in yourself even when others may not., According to John Molina, there were physicians at the hospital, people in the community, who told his father that he could not be successful taking care of the poor. White will serve as chief financial officer and interim chief executive while the board seeks a replacement for the top post. A closed Community Hospital on April 20, 2022. The fact of the matter is, when Memorial closed the emergency room, they were seeing about 75 patients a day, Molina says. By Kelly Puente and Brandon Richardson. 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. Pacific6 looks across a broad spectrum of opportunities to determine the best fit for our mission. 2021-07-20, Los Angeles County Superior Courts | Probate | 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. Michelle's personal network of family, friends, associates & neighbors include Mary Molina, Janet Watt, Ronald Heiman, Josephine Molina and John Heiman. 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. John John Molina's income source is mostly from being a successful Boxer. By then, Community Hospital and its emergency services had been closed for 16 months. To review the remaining two proposals and offer a recommendation, the city hired Los Angeles-based COPE Health Solutions. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, DocketBrief: Civil case information statement filed. (He bought the Business Journal in 2020.). I read that quote a long time ago and he and I thought that really says it all.. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. It doesnt mean that, as a young Molina, she didnt work with her siblings in the business. John Molina in Long Beach, CA 12 results - John Molina may also have lived outside of Long Beach, such as La Habra, Los Angeles and 2 other cities in California. So, I got a lot of practical experience. When she graduated, she went to work with an architectural firm. first-quarter net income of $1.37 per share. Mayor Robert Garcia, in an interview, said Molina offered assurances he could handle the job. and They never said anything about being in the business.. 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. Melody Petersen is an investigative reporter covering healthcare and business for the Los Angeles Times. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Michelle's reported annual income is about $200 - 249,999; with a net worth that tops Greater than $499,999. J. Mario Molina, left, president and CEO, and John Molina, right, chief financial officer, of Molina Healthcare in their Long Beach office in 2010. . John has made over 32 trades of the Molina Healthcare Inc stock since 2004, according to the Form 4 filled with the SEC. Molina says he was shocked by the numbers because of the apparently strong public support and a feasibility study that showed high demand for the hospitals services. . 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. (Photo by . In all, the city received interest from five companies to operate Community Hospital. However, her numerous income streams and charity events are proof that she can be making a dime. Lee based her conclusion on a lease analysis prepared by the citys Economic Development Department. At Long Beach City Hall, it was code blue for Community Hospital. The medical staff had to hand-write its notations, which slowed down Communitys operations and made everyones job more difficult, the cardiologist says. ; 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). He has helped develop many forward-thinking enterprises and successful commercial properties in the city. On some days, city officials say, the hospital was seeing just two patients. 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. Since its inception, the company has invested its resources in the development of numerous socially-conscious projects, including the renovation and revitalization of historic landmark properties, aquaculture initiatives to sustainably feed future generations, medical technologies to assist with current and future pandemics, independent media agencies to provide fact-based, hyperlocal journalism, and more. 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