& Financial Affairs & Trustee & Molina Siblings Trust of Molina Healthcare Inc. A closed Community Hospital on April 20, 2022. Cancellation and Refund Policy, Privacy Policy, and And I was supported the whole way.. 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. Pacific Community Media, or PCM, which oversees our two publications, is a subsidiary of Molinas company Pacific6. He believed that being smaller, and focused solely on Community, would help him revive the hospital within a year of taking control. The board is committed to achieving operational excellence and improving the companys financial performance on behalf of our shareholders, more than 20,000 employees and our over 4 million members, he said. Executive Vice President Marc Russo If the problem persists, email the Casetext support team at support@casetext.com. no insider transaction in Molina Healthcare Inc (MOH). 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. Personal Details of Alfred Molina. Then the pandemic arrived, only compounding the costs as it swept across Los Angeles County and the nation. Description: Appeal dismissed per rule 8.140(b). Attorney at Law Offices of Michele A Dobson. DocketDescription: Filing fee. John received a Bachelor of Arts degree in Economics from California State University, Long Beach, where he was elected to the Phi Beta Kappa honor society, and a Juris Doctorate from the University of Southern California School of Law. The Molina Family in Molina Healthcare, Inc.: Dr. Martha Molina Bernadett, The Molina Family Profiles: Josephine Molina. Neither my father or my mother would give us pearls of wisdom, he begins, They led by example, not by talking about things.. One of the three daughters of Dr. C. David and Mary Molina, she is not in the family business, Molina Healthcare. 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. 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. JOSE ADOLFO SALAZAR VS EAT GOOD STUFF INC., ET AL. 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. 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 company was founded in 1980 by C. David Molina, an emergency room doctor in Long Beach. . Clarissa Molina net worth is allegedly valued at $1.5 million. Molinawhose Pacific6 Enterprises owns the Long Beach Post and Downtown real estate interestsinsists the demise of Community Hospital had nothing to do with management issues or his favorable lease terms. Whats going on? If the ruling stands, the city cant simply transfer ownership of the land to MWN as reimbursement for the companys losses. 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. John C Molina currently owns a total of 1 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. 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. 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. , 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. Kathy Berry, Communitys former public relations director, says the staff spent countless hours trying to save the hospital and were left jobless when Molinas MWN pulled it from life-support. 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. Stock quotes provided by InterActive Data. John Molina is 57 years old today because John's birthday is on 10/23/1964. 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. Attorney at Artiano & Associates. 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. Michelle's personal network of family, friends, associates & neighbors include Mary Molina, Janet Watt, Ronald Heiman, Josephine Molina and John Heiman. We needed to hit 50. Eighth District Councilman Al Austin, for one, said the reopening of Community Hospital shouldnt be about money, its about human lives., Added Councilwoman Price: Minutes matter.. The most-recent trade in Molina Healthcare Inc is the Puerto Rican boxer and celebrity, IBF and WBO Super Featherweight Champion, who is known for being a socialite. ; 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. The companys shares soared as much as 20% on Tuesday after it said that J. Mario Molina, the companys chief executive and an outspoken critic of Republican efforts to repeal the ACA, and his brother John C. Molina, the chief financial officer, had been fired. 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. 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. But their heart was in the right place. and For more on Molina Healthcare, visit HERE. Court documents are not available for this case. I am very frustrated that they closed it as quickly as they did, says Berry, who was born at the hospital in 1942. As of 2022, John John Molina's net worth is $100,000 - $1M. V.P. Based on ownership reports from SEC filings, as the reporting owner, John C Molina owns 1 companies in total, including John Molina, Mario's younger brother, was the CFO of Molina Healthcare. We were hoping the city would do everything they could to save it.. 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. 2. . ; 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). 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. May 2, 2022. MemorialCares decision to bow out would represent a death knell for Community Hospital and its emergency room unless city officials could find a new operator. According to John Molina, it was expected that the children would work hard and that they would achieve the highest of their potential. So read the full article for details. Molina says soaring construction costs during the pandemic pushed the initial retrofit estimate of around $50 million to $79 million. (One councilman was absent and one seat was vacant at the time.). City officials acknowledge they had reservations about the new management arrangement, which differed markedly from the one COPE endorsed. It was the other two parties that were supposed to be the operators, Molina says of Sim and Wu. John John Molina (born March 17, 1965) is famous for being boxer. ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. 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 Full Summary. White will serve as chief financial officer and interim chief executive while the board seeks a replacement for the top post. The fact that we had a smaller footprint we thought would be advantageous.. Molina J . John C Molina is Todd sits on the board of directors of the Long Beach Convention and Visitors Bureau and the Downtown Long Beach Alliance. 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. a net and 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). Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. 8) SO BE ADVISED MOLINA, I WILL KEEP HITTING OPTION "9" FOR BEHAVIORAL SERVICES, WHICH TIES UP THAT LINE, UNTIL SOMEONE FROM MARKETPLACE PICKS UP THE LINE. The hospital, which provided much needed acute care services in East Long Beach before it shut down in July 2018, is to be . 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. DocketDescription: Received default notice 8.121(a) designation not filed. Most recently, he served as the Chief Operating Officer of the third largest home warranty company in the United States, a subsidiary of Old Republic International. TRD Staff. 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. Their attention was elsewhere, he says. INC., ONE GOLDEN SHORE DRIVE, LONG BEACH, CA, 90802. Mom and Dad were always, of course theyre teachers, so I think it was innate in themthey really fostered this love of learning. The information we shared in the press release is all there is to say, he said. 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. 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. Todds diverse background in philosophy, music, law, business and human resources brings a creative, common-sense perspective to Pacific6s leadership team. We have estimated John John Molina's net worth, money, salary, income, and assets. Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. 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. Joseph Molina Born: May 16, 1958 (age 64 years), Long Beach, California, United States How . Molina Healthcare Inc (MOH)'s detailed insider trading history can be found in Insider Trading Tracker table. John C Molina owns about 384,084 units of Molina Healthcare Inc common stock. 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. Representatives for the California Department of Public Health were not available for comment. Above is the net worth, insider trading, and ownership report for John C Molina. 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. Respondent and Defendant Attorney. Then, just weeks later, the state told the hospital to stand down, that its services were not needed. He says the pandemic drove costs sky-high for seismic repairs, staffing and equipment. Instead, it must be declared surplus land and offered for sale to affordable housing developers, which would likely take months. Sign up for the California Politics newsletter to get exclusive analysis from our reporters. 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. This is a risk that we wanted to take and our constituents were asking for.. sale ; Party Attorney: Plaintiff and Appellant: Michelle MolinaAttorney: Michele Antoinette Dobson. It is that we left Long Beach in a better place, more progressive, than when my parents came here in the 50s. When the City Council met on the night of Oct. 15, 2019, to vote on the proposed MWN lease, the refrain from the dais and the audience was that a matter no less important than life and death was on the agenda. This was clear from the get-go, says Modica, who calls the reopening effort successful., It opened and then it closed, he says. It was precisely the outcome city staff had warned would probably occur before the council voted on the lease. He added that there was a sense we werent keeping up with our competitors.. 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. of In California, Molina currently insures 765,000 people and operates its own clinics around the state. . 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. . 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. 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. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! Molina-Watt started in college with theatre arts at Long Beach City college. Description: Filing fee. John John Molina's age is 57. Other key executives at Apollo Medical Holdings Inc include SVP-Chief Accounting Officer John Vong . The Judges overseeing this case are ANDREW C. KIM, MARK C. KIM and MICHAEL P. VICENCIA. Hours: 8:00AM - 5:00PM. The device arrived, he says, after the hospital had closed. Personal details about John include: political affiliation is . 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. During the fourth quarter of 2017the first quarter Zubretsky headed the companyMolina reported a $269 million loss . On average, John trades about 14,734 units every 47 days since 2003. Phone Number: 562-570-4BIZ (4249) Days: Monday - Friday. City staff will respond to voicemails made after business hours within 24 hours. Pacific6 is a Long Beach-based partnership of six founders, committed to identifying, investing, and being intimately involved in inspiring and important ventures that can positively impact people and the communities in which they live. But I didnt see something that really fulfilled our needs. For nearly a century, Community had served generations of residents in East Long Beach. Net Worth in 2020. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, the Director of Molina Healthcare Inc and owns about 2,346,497 shares of Molina Healthcare Inc (MOH) stock worth over $642 Million. DocketDescription: Default notice sent-appellant notified per rule 8.100(c). John actively serves on the boards of the Long Beach Community Foundation, Long Beach Convention & Visitors Bureau, and the California State University Foundation. We have estimated John John Molina's net worth, money, salary, income, and assets. 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. Currently insures 765,000 people and operates its own clinics around the state help him revive the hospital had.. 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