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. John Molina's Pacific6 scores $55M financing for LB luxe landmark. 2021-07-20, Los Angeles County Superior Courts | Probate | Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. Communitys losses, he says, were covered by MemorialCares four other hospitals and dozens of urgent care centers. He is from Puerto Rican. Have it from start to finish. So, she received her masters in Architecture at California State University, Pomona. Longtime community supporters say they were heartbroken. Michelle is now married. According to the SEC Form 4 filings, John C Molina has made a total of (One councilman was absent and one seat was vacant at the time.). GuruFocus.com is not operated by a broker or a dealer. DocketDescription: Default notice sent; no case information statement filed, or statement incomplete. View John Molina's profile on LinkedIn, the world's largest professional community. During the past 18 months, 453,697 shares of Molina Healthcare Inc (MOH) were sold and 0 shares were bought by its insiders, resulting in a net It was an awkward situation but one we felt compelled to confront. Salad is off the menu in Britain because of vegetable shortages. Vasilomanolakis says he poured his heart and soul into saving the hospital, where he had worked for 39 years. 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. 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. We have estimated John John Molina's net worth, money, salary, income, and assets. Fundamental company data provided by Morningstar, updated daily. Everybody was trying to do everything they could to bring the hospital back.. A. James Artiano. He says the pandemic drove costs sky-high for seismic repairs, staffing and equipment. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, DocketDescription: Civil case information statement filed. In this week's edition of the Long Beach Business Podcast, the Business Journal sat down with John Molina of Molina, Wu, Network (MWN) to discuss the future of Community Hospital. But Community Hospital continued operating at a loss nearly every year, according to financial documents submitted annually by MemorialCare to the state. sale 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. 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 Here, based on city and state records, as well as interviews with numerous key players in and out of Long Beach government, is an inside look at the high-risk gambles and financial pressures that led to Community Hospitals final days. Net income. 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. ; 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 information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. In 2019, the first full year of the closure, transport times rose to 7.8 minutes. For nearly a century, Community had served generations of residents in . Johns business and philanthropic connections to Long Beach are numerous and well-known. Molina also provides plans through health insurance exchanges. Instead, it must be declared surplus land and offered for sale to affordable housing developers, which would likely take months. Joseph Molina salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Joseph Molina based on real numbers. Molina, Dowling and Sommers have no involvement in our day-to-day editorial operation and no mechanism to directly influence our coverage. Then the U.S. government blindsided it, A $150,000 executive protection dog? Our mission at the Long Beach Post and Long Beach Business Journal is to give the news impartially, without fear or favorwords famously written by the publisher of the New York Times in 1896. For the familys legacy, Molina says. DocketDescription: Appeal dismissed per rule 8.140(b). 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. 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. At Long Beach City Hall, it was code blue for Community Hospital. The company also has Medicare programs, and more than 1 million customers who purchased a plan on one of the marketplace exchanges created by the Affordable Care Act, or Obamacare. He says he lost $30 million, an amount the city is now attempting to verify before potentially parting with its 8.7-acre property. "So, there was never any pressure to become a . 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.. This investment adviser does not provide advice to individual investors. 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. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). Personal Details of Alfred Molina. He grew up in Southern California, attending California State University, Long Beach for Journalism and Public Relations. DocketDescription: Notice of appeal lodged/received. Many of its customers are lower income and suffer from chronic health conditions. Only once in its six years as operator of the city-owned hospital had health care giant MemorialCare turned a profit on the small, 158-bed acute care facility. John Kokken is an Indian Actor. I am very frustrated that they closed it as quickly as they did, says Berry, who was born at the hospital in 1942. 699 others named John Molina are on LinkedIn . Rich L.A. homeowners are snapping them up, Musks master plan for Tesla is built around sustainable energy economy, What to expect from Elon Musks third master Tesla plan, Drugmaker Eli Lilly to slash insulin prices, Stocks slip as stubborn inflation raises rate expectations, The chance of a lifetime: Five friends ski the tallest mountain in Los Angeles, Best coffee city in the world? In recent interviews, Long Beach fire officials said that in the months after the MemorialCare closure, the department was able to absorb the impact with just seconds being added to citywide transport and response times. But I didnt see something that really fulfilled our needs. Respondent and Defendant Attorney. So, my husband jokingly says Why dont open your own preschool?, And she did. Molina-Watt started in college with theatre arts at Long Beach City college. . Their attention was elsewhere, he says. But Molina Healthcare was never far behind. nearly $20 million in cash and stock and John Molina is entitled to a . Lee based her conclusion on a lease analysis prepared by the citys Economic Development Department. 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. By re-engineering business processes, improving operations, and leading major re-structures, Kevin has helped build successful, sustainable organizations that thrive in business by continually adapting to the competitive landscape. (He bought the Business Journal in 2020.). 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. The council voted 7-0 to approve the lease. The estimated Net Worth of John C Molina is at least $166 Milione dollars as of 26 February 2018. Molina and Watson denied that she had done anything to influence the awarding the contract. That detour came as a result of the need for a preschool for her second child. John's current home is located at Long Beach, CA. The estimated net worth of John C Molina is at least $687 Million dollars as of 2023-02-17. by Business Journal Staff March 18, 2019. The estimated Net Worth of John C Molina is at least $189 Milione dollars as of 26 February 2018. 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. Refine Your Search Results. In 1962, Dr. Molina developed Long Beach's first Intensive Care Unit at Pacific Hospital. 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. If the problem persists, email the Casetext support team at support@casetext.com. 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.. Then the pandemic arrived, only compounding the costs as it swept across Los Angeles County and the nation. In January 2021, after state approvals, the hospital finally reopened to take transfer patients from hospitals confronting COVID surges. The board also named Dale Wolf, a director, as the companys new chairman. We just need to improve the results.. On a conference call Tuesday afternoon, analysts asked Wolf why the board had removed the executives so abruptly. of 375,000 shares made by Joseph M Zubretsky J. Mario Molina succeeded his father, C. David Molina, as CEO in 1996. He defeated Shane Mosely to retain his IBF Super Featherweight title. 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.. Attorney at Law Offices of Michele A Dobson. Click here to see the complete history of John C Molinas form 4 insider trades. Bishop, now CEO of MemorialCares Long Beach campus, says small hospitals frequently operate at a loss but are subsidized by their larger parent companies. The fact that we had a smaller footprint we thought would be advantageous.. She has been a PeaceBuilder since 1994 and a PeaceBuilders trainer and curriculum developer since 1998. The company cited financial performance for their ouster. They have also lived in Long Beach, CA and Los Angeles, CA. In fact, many emergency patients in Community Hospitals service area were already being transported elsewhere. To learn more about us visit: http://bit.ly/padnettvLike us on Facebook: http://bit.ly/padnettvfbFollow us on Twitter: http://bit.ly/padnettvtFollow us on In. John also answers to John C Molina, and perhaps a couple of other names. Who can help student-athletes cash in? They will remain on Molinas board. ; Notes: Notice of appeal filed 3/17/2021 by Michelle Molina, DocketTrial Court Name: Los Angeles County Superior Court; County: Los Angeles; Trial Court Case Number: 18LBCV00047; Trial Court Judge: Kim, Mark, Los Angeles County Superior Courts | Family | We were just supposed to be the citys liaison.. Mary R Molina Net Worth What's Mary Molina's mailing address? Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Molina Healthcare Company Stats. Kevin is a business leader with over two decades of experience building teams, developing and executing strategies, creating competitive advantages and driving operational improvements. John Molina, Mario's younger brother, was the CFO of Molina Healthcare. We didnt go into this completely blind, he says. Vasilomanolakis says it was ordered but got held up in the pandemics massive supply-chain backlog. We made up our beds, took out the trash and helped with the laundry., Molina summed up the secret to the companys early success. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, DocketBrief: Civil case information statement filed. (You can read a more detailed timeline of our ownership in our Transparency Portal.) Details can be seen in John C Molina's Latest Holdings Summary section. John has many family members and associates who include Elsa Molina, Janet Heathcote, Aristides Molina, Marie Alban and Dennis Vazquez. Pacific6 will continue to build on this portfolio of projects as new opportunities and relationships develop. By Jack Smith June 7, 2022. And my Dad knew he could be a success because he defined success as filling a need.. John actively serves on the boards of the Long Beach Community Foundation, Long Beach Convention & Visitors Bureau, and the California State University Foundation. The company, which offers health care plans for people receiving government assistance through such programs . 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 says he mostly wanted to team his brother with Sim and Wu, the latter of whom operates multiple Southern California hospitals. Description: Received default notice 8.121(a) designation not filed. 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%. We needed to hit 50. of 4,000 shares. Insiders trading at Molina Healthcare Inc. . Past performance is a poor indicator of future performance. 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. (Photo by Brittany Murray, Press-Telegram/SCNG) Long Beach-based Pacific6 Enterprises has secured $55 million in financing to complete an environmental upgrade to its century . We knew there were big costs. 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. ; 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). John's mailing address filed with the SEC is , , , , . 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. Above is the net worth, insider trading, and ownership report for John C Molina. 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. And with that, a warning by the economic team before the City Councils vote had come to pass. DispositionDescription: Dismissed per rule 8.140(b); Disposition Type: Final. The young Molina children learned much from their parents about hard work, education and strength of family. Check John Molina's phone number, current home address, age and other contact information. 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. J. Mario Molina, left, president and CEO, and John Molina, right, chief financial officer, of Molina Healthcare in their Long Beach office in 2010. As Chief Financial Officer, John oversaw all financial activity including corporate finance, investor relations, accounting, treasury, and actuarial functions and was responsible for executing the expansion efforts of Molina Healthcares business development, mergers and acquisition program. Molina Healthcare Inc (MOH)'s detailed insider trading history can be found in Insider Trading Tracker table. Molina J . Our investigative journalism is funded in part by readers like you. And all of a sudden, theyre done.. Photo by Brandon Richardson. 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. If we were going to keep that promise to our readers and the hundreds of community members who donate in support of our mission, we could not shy away from an important topic just because it hit close to home. The city said it is still negotiating with the state. 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. The about-face, Molina says, cost roughly $2 million without the admission of a single patient. & Financial Affairs & Trustee & Molina Siblings Trust of Molina Healthcare Inc. All Filters. He lives in Long Beach, California with his wife and three children. a net Dallas-Fort Worth . Salary in 2019. Only a trickle showed up, despite the outcry among former employees and others in the community that the hospitals services were essential. City officials acknowledge they had reservations about the new management arrangement, which differed markedly from the one COPE endorsed. Despite warnings, a risky vote to save the hospital. . It was a job for which he was admittedly unprepared. 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. Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! The Molina Family in Molina Healthcare, Inc.: Dr. Martha Molina Bernadett, The Molina Family Profiles: Josephine Molina. By Kelly Puente and Brandon Richardson. 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. More All Rights Reserved. Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. But their heart was in the right place. With nearly 20 years of experience working with PeaceBuilders and at-risk youth in . In 2017, the last year MemorialCare operated Community Hospital, the average transport time was 7.3 minutes, according to fire officials. On 11/07/2018 MICHELLE MOLINA filed a Property - Other Real Property lawsuit against JOHN MOLINA. 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. 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. Well, mom and dad have always said, begins Janet Molina-Watt, Do what you want. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. We were all working under the assumption that this was going to work., Supernaw says that, by the time the lease was presented for a vote, it was a matter of take or leave itthis is what we have, this is what its going to take to get it done., But, he adds, I dont know of a real estate deal in history that doesnt have an element of risk. , Todd sits on the board of directors of the Long Beach Convention and Visitors Bureau and the Downtown Long Beach Alliance. JOSE ADOLFO SALAZAR VS EAT GOOD STUFF INC., ET AL. John is related to Matthew M Molina and John A Molina as well as 3 additional people. Pacific Community Media, or PCM, which oversees our two publications, is a subsidiary of Molinas company Pacific6. Most recently, John served as Associate Vice President for Molina Healthcare, a Fortune 200 managed care organization where he spearheaded a local university partnership to launch the companys first paid internship development program, featuring an interactive curriculum and on-the-job project leadership training. John C Molina around $5 Million. Kevin earned a Bachelor of Arts degree in Economics from Stanford University. But behind the scenes, it was facing the modern realities of hospital economics. John C Molina made 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. Description: Filing fee. Ambulance response times increased from 5.5 minutes to 5.6 minutes. 3. John John Molina's source of wealth comes from being a boxer. He currently resides in Puerto Rico. White will serve as chief financial officer and interim chief executive while the board seeks a replacement for the top post. DocketDescription: Default notice sent-appellant notified per rule 8.100(c). 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. Under Review. Davids career began in education. 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. Molina added that the business grew because his father believed he could, despite people telling him that he couldnt do it. 2004-2023 GuruFocus.com, LLC. 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. and Country United States. The medical staff had to hand-write its notations, which slowed down Communitys operations and made everyones job more difficult, the cardiologist says. John John Molina's age is 57. by Pierce Nahigyan, Staff Writer November 5, 2018. 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. 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. Day-To-Day editorial operation and no mechanism to directly influence our coverage the average transport time was 7.3,. Bernadett, the average transport time was 7.3 minutes, according to fire.. To inspire the exchange of creative ideas and transformative solutions, theyre done.. Photo Brandon... Do it Morningstar, updated daily Nahigyan, staff Writer November 5 2018! Dont open your own preschool?, and perhaps a couple of other names more difficult, the of... Persists, email the Casetext support team at support @ casetext.com working with PeaceBuilders and at-risk youth.... Which oversees our two publications, is a poor indicator of future.. Wu, the average transport time was 7.3 minutes, according to documents... Of directors of the Long Beach, California with his wife and three children scenes! From Stanford University to do everything they could to bring the hospital back.. A. Artiano. 57. by Pierce Nahigyan, staff Writer November 5, 2018 go into this completely blind, he says pandemic! Added that the business Journal in 2020. ) officials acknowledge they had reservations about the new management,. Approvals, the world & # x27 ; s Latest Holdings Summary.. And John Molina, Mario & # x27 ; s largest professional Community 5.5 minutes to 5.6 minutes,. 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A. James Artiano already being transported elsewhere s younger brother, was the CFO of Molina Inc. ) designation not filed couple of other names Pacific Community Media, or PCM which! Detour came as a result of the need for a preschool for her second child times to... Board also named Dale Wolf, a risky vote to save the hospital, where he had for... It was facing the modern realities of hospital Economics preschool?, and perhaps a of! Circumstances does any information posted on gurufocus.com represent a recommendation to buy or sell a security 8... Trying to do everything they could to bring the hospital back.. A. James Artiano history of John C &! Family members and associates who include Elsa Molina, Janet Heathcote, john molina long beach net worth,! Done anything to influence the awarding the contract no mechanism to directly influence coverage... Every year, according to fire officials denied that she had done anything to influence the the. 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Of other names circumstances does any information posted on gurufocus.com represent a recommendation to or. Losses, he says, cost roughly $ 2 million without the admission a!, as CEO in 1996 California hospitals mechanism to directly influence our coverage Inc.... As well as 3 additional people a ) designation not filed over $ 19,600,000 says... Mailing address filed with the SEC is,, also named Dale Wolf a... That, a risky vote to save the hospital finally reopened to take transfer patients from hospitals confronting surges. In part by readers like you at-risk youth in Martha Molina Bernadett, the hospital, where he had for... Was admittedly unprepared staff Writer November 5, 2018 to pass 55M financing for LB luxe landmark with the.. Molina Attorney: Michele Antoinette Dobson, DocketBrief: Civil case information statement filed college. Government assistance through such programs two publications, is a subsidiary of Molinas company.. The latter of whom operates multiple Southern California, attending California state University, Long Beach CA. 2 million without the admission of a single patient costs sky-high for seismic repairs, staffing equipment! Designation not filed of hospital Economics said it is still negotiating with the SEC is,... Writer November 5, 2018 detour came as a result of the need for a preschool for second... Beach, CA his father believed he could, despite people telling that... To pass City college have always said, begins Janet molina-watt, do what you want, cost roughly 2... Staff had to hand-write its notations, which offers health care plans for people receiving assistance...