Phone Number: 562-570-4BIZ (4249) Days: Monday - Friday. ; 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). Founding Partner at Pacific6 Enterprises . We have to work and work hard every day for everything that we have., Dad had a saying, You can make your living with your brain or your back. But the hospital was now facing a nationwide nursing shortage. Based on ownership reports from SEC filings, as the reporting owner, John C Molina owns 1 companies in total, including Hours: 8:00AM - 5:00PM. City staff will respond to voicemails made after business hours within 24 hours. John Molina, the former chief financial officer at Molina Healthcare, has resigned from its board of directo Pacific Community Media, or PCM, which oversees our two publications, is a subsidiary of Molinas company Pacific6. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. We have a saying Were not in this for ourselves alone. This case was filed in Los Angeles County Superior Courts, Governor George Deukmejian Courthouse located in Los Angeles, California. Still, one crucial piece of that mission was missingthe patients. Molina is scheduled to report . He says he mostly wanted to team his brother with Sim and Wu, the latter of whom operates multiple Southern California hospitals. 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.. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. For nearly 35 . Check John Molina's phone number, current home address, age and other contact information. Description: Notice of appeal lodged/received. Pacific6 will continue to build on this portfolio of projects as new opportunities and relationships develop. Bob also served in leadership positions over Finance and Business Development, helping steer the growth of a company with 20,000 members operating in one state to an industry leader with 4.5 million members and nearly $20 billion in revenue, operating in multiple states. 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. Refine Your Search Results. . of 375,000 shares made by Joseph M Zubretsky More 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. Joseph Molina Born: May 16, 1958 (age 64 years), Long Beach, California, United States How . . So, I got a lot of practical experience. When she graduated, she went to work with an architectural firm. 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. We were just supposed to be the citys liaison.. John C Molina around $5 Million. Our investigative journalism is funded in part by readers like you. John Kokken is an Indian Actor. Dr. Martha Molina Bernadett is Executive Vice President of Research and Development and President and Founder of the Molina Foundation. Yadier Benjamin Molina was born on July 13, 1982 in Bayamon, Puerto Rico. On average, Molina Healthcare Inc executives and independent directors trade stock every 15 days with the average trade being worth of $4,879,063. At Long Beach City Hall, it was code blue for Community Hospital. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, Description: Civil case information statement filed. 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. 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. All but MWN and Palisades Health Solutions withdrew from the competition, citing the high cost of seismic compliance, according to city officials. Molina Healthcare began as a family business and still is, to a large extent. Fundamental company data provided by Morningstar, updated daily. If the ruling stands, the city cant simply transfer ownership of the land to MWN as reimbursement for the companys losses. DocketDescription: Default notice sent; no case information statement filed, or statement incomplete. The company footprint has expanded from operations in four states to 17 states since the companys IPO in July 2003. . Court documents are not available for this case. As of 26 February 2018 John still owns at least 372,930 units of Molina Healthcare Inc stock. 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. 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. On some days, city officials say, the hospital was seeing just two patients. ; Notes: Notice of appeal filed 3/17/2021 by Michelle Molina, Trial Court Name: Los Angeles County Superior Court; County: Los Angeles; Trial Court Case Number: 18LBCV00047; Trial Court Judge: Kim, Mark. Youre better off making it with your brain (be)cause it will last longer., John Molina describes his parents as always available to help them with their homework or school projects. The estimated net worth of John C Molina is at least $687 Million dollars as of 2023-02-17. Long Beach, CA 90807-3319. 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. His success results from a comprehensive understanding of the internal and external business environment, exceptional analytical skills, and the foresight to anticipate trends and position companies ahead of their competitors. 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. 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. He is known for being a Boxer. They didnt want a lot of organized activities. Employees in Long Beach have rated Molina Healthcare with 3.2 out of 5 for work-life-balance (6.1% lower than company-wide rating), 3.7 out of 5 for diversity and inclusion (2.7% lower than company-wide rating), 3.7 out of 5 for culture and values (5.6% higher than company-wide rating) and 3.5 out of 5 for career opportunities (9% higher than . The company, which offers health care plans for people receiving government assistance through such programs . "So, there was never any pressure to become a . They have also lived in Long Beach, CA and Los Angeles, CA. He is popular for 1 - Nenokkadine (2014), Baahubali (2015 . So read the full article for details. Just like we did at home. In 1962, Dr. Molina developed Long Beach's first Intensive Care Unit at Pacific Hospital. The medical staff had to hand-write its notations, which slowed down Communitys operations and made everyones job more difficult, the cardiologist says. 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. Industry Health Care Equipment & Services. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In the first three months of the year, the company earned $77 million in net income from $4.6 billion in revenue, for a net profit margin of 1.6%. 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. And I was supported the whole way.. 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. We located 74 people named John Molina in 25 states. Whos benefiting from Russias war on Ukraine? I thought it would be a good thing.. Melody Petersen is an investigative reporter covering healthcare and business for the Los Angeles Times. DocketDescription: Filing fee. John is related to John Arthur Molina and Hilda G Molina as well as 3 additional people. Molina Healthcare is on the brink of major layoffs, the Press-Telegram has confirmed. , A closed Community Hospital on April 20, 2022. In 2010, John and his siblings funded the construction of the Aquarium's Molina Animal Care Center. The company cited poor financial results. The co-trustee of two Molina family trusts is listed as owning an additional 17.4% of the company. 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. Why is this public record being published online? Or, Joseph Molina's net worth in US Dollar Feb, 2023? Column: 15 minutes of fame flies by. The Molina Family in Molina Healthcare, Inc.: Dr. Martha Molina Bernadett, The Molina Family Profiles: Josephine Molina. 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. It was the other two parties that were supposed to be the operators, Molina says of Sim and Wu. 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. Mary's mailing address filed with the SEC is C/O MOLINA HEALTHCARE, INC., ONE GOLDEN SHORE DRIVE, LONG BEACH, CA, 90802 . I read that quote a long time ago and he and I thought that really says it all.. , If you do not agree with these terms, then do not use our website and/or services. LONG BEACH, Calif.--(BUSINESS WIRE)--Jul. Here we will discuss Alfred Molina Net Worth, Height, Weight, Age, Relation, Family, and more. According to financial filings, J. Mario Molina owns 2.86% of the company, while John Molina owns 2.33% of the shares. 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. 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.. 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 . John Molinas vision of that legacy, for himself, is simple. There are 600+ professionals named "John Molina", who use LinkedIn to exchange information, ideas, and opportunities. 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. Only a trickle showed up, despite the outcry among former employees and others in the community that the hospitals services were essential. 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. John C Molina is the Exec. Ste 5047. We didnt go into this completely blind, he says. The company was founded in 1980 by C. David Molina, an emergency room doctor in Long Beach. 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. City officials acknowledge they had reservations about the new management arrangement, which differed markedly from the one COPE endorsed. An avid bicycle commuter, Jon lives in Long Beach with his wife and three children. 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. If the problem persists, email the Casetext support team at support@casetext.com. 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. 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. 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. John Molina , 57. 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 As for concerns that other emergency rooms would become more crowded with an influx of new patients, the numbers again told a different story. John also answers to John C Molina, and perhaps a couple of other names. It doesnt mean that, as a young Molina, she didnt work with her siblings in the business. Todds diverse background in philosophy, music, law, business and human resources brings a creative, common-sense perspective to Pacific6s leadership team. Before the vote, the citys economic team warned the council that this scenario was not just possible but likely to occur because the overall terms of the lease make it financially beneficial for Tenant [MWN] to terminate the lease at some point, regardless of whether or not the Hospital is viable., What this says, critic Lee warned the council, is that at any time Mr. Molina can back out of this deal and that we need to reimburse him for all of his investments when its potentially tens of millions of dollars. Todd holds a Bachelor of Arts degree in philosophy from UCLA and a Juris Doctorate from Southwestern University School of Law. sale John C Molina is John is related to Matthew M Molina and John A Molina as well as 3 additional people. Watson helped oversee Medi-Cal as chairwoman of the Senate Health Committee. I enjoyed the creativity and the design., When she finished her degree, she decided she wanted more. John's reported annual income is about $200 - 249,999; with a net worth that tops Greater than $499,999. John Molina founder, Pacific6, speaks at the grand reopening of Community Hospital Long Beach in Long Beach on Thursday, May 27, 2021. By then, Community Hospital and its emergency services had been closed for 16 months. 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. Molina says he made a mad dash to hire 150 nurses and medical staffers, stock pantries and buy personal protective equipment and other supplies, some of which were marked up by more than 500% because of shortages and high demand. John actively serves on the boards of the Long Beach Community Foundation, Long Beach Convention & Visitors Bureau, and the California State University Foundation. John Molina, Mario's younger brother, was the CFO of Molina Healthcare. The estimated Net Worth of John C Molina is at least $166 Milione dollars as of 26 February 2018. SAFER has returned the first 500 matches found for your search. Then the U.S. government blindsided it, A $150,000 executive protection dog? 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. The fact of the matter is, when Memorial closed the emergency room, they were seeing about 75 patients a day, Molina says. 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. President and CEO Joseph Zubretsky. (You can read a more detailed timeline of our ownership in our Transparency Portal.) Puerto Rican boxer and celebrity, IBF and WBO Super Featherweight Champion, who is known for being a socialite. 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. 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. 0 transactions in Molina Healthcare Inc (MOH) over the past 5 years. by Pierce Nahigyan, Staff Writer November 5, 2018. 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. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! Worker-Related Support. Financial results are summarized below: . He currently resides in Puerto Rico. Send her tips securely on Signal at (213) 327-8634. He defeated Shane Mosely to retain his IBF Super Featherweight title. Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. sale 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. 2022 Pacific6 Enterprises | 211 E. Ocean Blvd., Suite 550, Long Beach, CA 90802 | 562-600-7226. White will serve as chief financial officer and interim chief executive while the board seeks a replacement for the top post. We made up our beds, took out the trash and helped with the laundry., Molina summed up the secret to the companys early success. One of the three daughters of Dr. C. David and Mary Molina, she is not in the family business, Molina Healthcare. sale The deal was confirmed Tuesday evening by John Molina, CFO of Molina Healthcare Inc., and whose Long Beach-based company will be involved in managing the community hospital at 2776 Pacific Ave., a . For COVID-19 Business, Property Owner, and. Independent appraisals are also underway to determine the value of the land, a months-long process. 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.". This was a difficult story to report, not only because the subject matter is complicated, but because the operator at the center of this story, John Molina, is also the principal owner of the Post and Business Journal. We have estimated John John Molina's net worth, money, salary, income, and assets. The estimated net worth of Molina J Mario Md is at least $76 Million dollars as of 2023-02-16. In 2018, Molina, a former chief financial officer of Molina Healthcare, embarked on an ambitious agenda of acquisition and development in Long Beach. 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 And the best part of all, documents in their CrowdSourced Library are FREE! John's mailing address filed with the SEC is , , , , . Country United States. For the Watt family, as well as her siblings, their connection to Long Beach is special. a net With all those costs, he says, there was just no way to make it work.. Above is the net worth, insider trading, and ownership report for John C Molina. 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. 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. Past performance is a poor indicator of future performance. 2004-2023 GuruFocus.com, LLC. 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. Details can be seen in John C Molina's Latest Holdings Summary section. Become a Long Beach Post member today and help keep vital local news alive in Long Beach. 28, 2021-- Molina Healthcare, Inc. (NYSE: MOH) (the "Company") today reported second quarter of 2021 GAAP earnings per diluted share of $3.16 and adjusted earnings per diluted share of $3.40. 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. John John Molina's source of wealth comes from being a boxer. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. DocketDescription: Notice of appeal lodged/received. Molina J . It was an awkward situation but one we felt compelled to confront. John John Molina's age is 57. At that time, there was very little distinction between what was family life and what was work life.. We know that John is married at this point. Molina Healthcare Inc (MOH) Description: Filing fee. It was precisely the outcome city staff had warned would probably occur before the council voted on the lease. By Jack Smith June 7, 2022. For work these days, John is a Director at Molina Medical Centers. The third result is John A Molina Sr age 80+ in San Gabriel, CA in the South San Gabriel neighborhood. And I think thats one of the things they left us with was We can never just rest on our laurels. nearly $20 million in cash and stock and John Molina is entitled to a . But that plan has now run into troublefor both Molina and Long Beach. a net . 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. Only the transactions in Open Market or Private Sale at the market prices are included. INC., ONE GOLDEN SHORE DRIVE, LONG BEACH, CA, 90802. 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. 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. Janet Molina-Watt. 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. (Photo by Brittany Murray, Press-Telegram/SCNG) Mom and Dad were always, of course theyre teachers, so I think it was innate in themthey really fostered this love of learning. Warmer storms could cause problems, Dramatic before and after photos from space show epic snow blanketing SoCal mountains. 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 company cited financial performance for their ouster. Were sure hes a very busy executive, but you have to stop and listen as he speaks admiringly about his parents, David and Maria Rose Molina. 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Ocean Blvd., Suite 550, Long Beach Calif.... That were supposed to be the operators, Molina Healthcare underway to determine the of... Officials acknowledge they had reservations about the new management arrangement, which differed markedly from the COPE. Mwn as reimbursement for the Los Angeles Times Writer November 5, 2018 Doctorate from University... Transfer ownership of the three daughters of Dr. C. john molina long beach net worth and Mary Molina she. A nationwide nursing shortage seen in John C Molina & # x27 ; s Holdings. Prices are included todd holds a Bachelor of Arts degree in philosophy from UCLA and a Juris Doctorate Southwestern.