john molina long beach net worth

sale A. James Artiano. 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 Molina is 57 years old today because John's birthday is on 10/23/1964. Molina Healthcare Inc (MOH)'s detailed insider trading history can be found in Insider Trading Tracker table. Previously, John was a Board Member at Long Beach Econo mic Partnership and also held positions at Cell Care Therapeutics, Neilsen Gough, KL Phy Photography, Aquarium of The Pacific, The David and Lucile Packard Foundation, Yahoo!, Petrone & Petrone PC, The . Instead, it must be declared surplus land and offered for sale to affordable housing developers, which would likely take months. On some days, city officials say, the hospital was seeing just two patients. Kevin is a business leader with over two decades of experience building teams, developing and executing strategies, creating competitive advantages and driving operational improvements. They wanted us to read., Exploration was also important for the Molina family. 2020-05-15. More 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. . 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 about-face, Molina says, cost roughly $2 million without the admission of a single patient. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! 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.. . it was always about serving ourselves but serving others at the same time.. 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. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Under Review. Communitys losses, he says, were covered by MemorialCares four other hospitals and dozens of urgent care centers. Michelle earned her Bachelor's degree in Radio/TV Communication from . John Molina, the former chief financial officer at Molina Healthcare, has resigned from its board of directo Under the lease, the city would cover those losses by selling the publicly owned Community Hospital property or essentially giving it to MWN. As of 26 February 2018 John still owns at least 372,930 units of Molina Healthcare Inc stock. There were so many conversationsclosed sessions and whatnot, Supernaw said in an interview. The hospital did not, for example, have a basic imaging device known as a C-arm, used for X-rays of bone fractures. At that time, there was very little distinction between what was family life and what was work life.. He added that there was a sense we werent keeping up with our competitors.. 0 transactions in Molina Healthcare Inc (MOH) over the past 5 years. John's current home is located at Long Beach, CA. 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. Long Beach, CA 90807-3319. sale As CFO, John oversees all financial and corporate development functions including accounting and finance, treasury, investor relations, marketing, human resources and market expansion. Under Review. The 57-year-old boxer was born in Puerto Rico. For over 30 years, David has specialized in the creative direction and production of marketing and education materials on all forms of media. Full Summary. But the California Department of Public Health was concerned about understaffing and ordered it to shut down in less than 30 days. Net income. DAVID TELLING TODD LEMMIS JON HEIMAN BOB GORDON KEVIN DAVIS JOHN MOLINA. and Research Tools of 4,000 shares. Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. JOSE ADOLFO SALAZAR VS EAT GOOD STUFF INC., ET AL. As his biography states, the lessons learned from his parents have served his siblings and him well. But the hospital was now facing a nationwide nursing shortage. As fate would have it, there was an architect working with Molina Healthcare building the Family Practice offices. 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. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. . I want to do more than that. The fact that we had a smaller footprint we thought would be advantageous.. The family began looking for schools closer to them with the same philosophy as their first sons school. However, her numerous income streams and charity events are proof that she can be making a dime. Mayor Robert Garcia, in an interview, said Molina offered assurances he could handle the job. By Kelly Puente and Brandon Richardson. Molina Healthcare began as a family business and still is, to a large extent. John, Martha, Janet, and Josephine, as well as their spouses and children. Stock quotes provided by InterActive Data. John Molina , 57. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, DocketBrief: Civil case information statement filed. The co-trustee of two Molina family trusts is listed as owning an additional 17.4% of the company. Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. . 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. the Director of Molina Healthcare Inc and owns about 2,346,497 shares of Molina Healthcare Inc (MOH) stock worth over $642 Million. Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, . The Molina Family in Molina Healthcare, Inc.: Dr. Martha Molina Bernadett, The Molina Family Profiles: Josephine Molina. On Tuesday, the company reported its first-quarter results, showing that its total number of insured members jumped by more than 500,000 people to 4,766,000. Resides in La Habra, CA. Molina Healthcare Inc (MOH) For the Watt family, as well as her siblings, their connection to Long Beach is special. . California State University-Long Beach, +3 more . John C Molina made Personal Details of Alfred Molina. Just like we did at home. a net Make your practice more effective and efficient with Casetext's legal research suite. All but MWN and Palisades Health Solutions withdrew from the competition, citing the high cost of seismic compliance, according to city officials. Salary in 2019. For the familys legacy, Molina says. and 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. Although John Molina had experience in the health care industry, he says he never claimed to know how to run a hospital. 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. All Rights Reserved. The council voted 7-0 to approve the lease. 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. He says he mostly wanted to team his brother with Sim and Wu, the latter of whom operates multiple Southern California hospitals. Description: Default notice sent-appellant notified per rule 8.100(c). 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. 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. And my Dad knew he could be a success because he defined success as filling a need.. 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. 7) Place nearly two dozen calls to Molina Marketplace, no one ever answers, (888) 560-5716, (866) 472-4585, (855) 322-4076 at all business hours. 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. 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. He has helped develop many forward-thinking enterprises and successful commercial properties in the city. On average, John trades about 14,734 units every 47 days since 2003. Brought together by John Molina, formerly the Chief Financial Officer of Molina Healthcare, the Pacific6 partners have diverse professional backgrounds, including healthcare, financial services, risk management, human resources, legal affairs, and media/marketing development spanning from Fortune 200 to small, independent companies. The board also named Dale Wolf, a director, as the companys new chairman. Country United States. John has made over 32 trades of the Molina Healthcare Inc stock since 2004, according to the Form 4 filled with the SEC. At the age of twenty-nine, she has achieved so much, and most people wish to know how much she is worth. Hyundai was poised to become Teslas top contender. GAAP net income for the second quarter of 2021 was $185 million, . A refreshing cup of iced honey lemon (w/o sugar) works wonders after a long day of shoot! Among other investments, his newly created Pacific6 purchased the historic but deteriorating Breakers Hotel on Ocean Boulevard to convert it into a hip boutique hotel, a vision that remains unrealized. It was the other two parties that were supposed to be the operators, Molina says of Sim and Wu. Kevin earned a Bachelor of Arts degree in Economics from Stanford University. John Molina's Pacific6 scores $55M financing for LB luxe landmark. 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. John's reported annual income is about $200 - 249,999; with a net worth that tops Greater than $499,999. DocketDescription: Default notice sent; no case information statement filed, or statement incomplete. 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. V.P. John Molina offers one other lesson for todays youth. Well, we all worked in it growing up. What did Disney actually lose from its Florida battle with DeSantis? In this article, we take a look at John John Molina's net worth in 2021, total earnings, salary, and biography. The current estimated net worth of Molina Healthcare Inc's CFO, John Molina, is estimated to be about $213.37M . & Financial Affairs & Trustee & Molina Siblings Trust. . Cancellation and Refund Policy, Privacy Policy, and Molina also provides plans through health insurance exchanges. I want to take over the design of an entire building. 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. May 2, 2022. In recent years, Communitys emergency department had not been equipped to treat patients with numerous urgent needs, including acute heart attacks, strokes and severe traumas. 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. The Molina Family in Molina Healthcare, Inc. (Replay) Education Equals Opportunity Too: Teaching Life Lessons. 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. In 1994, Molina and his firm won a state contract to provide care for mothers and children in Californias Medicaid program, which is called Medi-Cal. John C Molina owns about 384,084 units of Molina Healthcare Inc common stock. Molina board removes CEO and CFO, long-time execs and founder's sons . The estimated net worth of John C Molina is at least $687 Million dollars as of 2023-02-17. In all, the city received interest from five companies to operate Community Hospital. Michelle's personal network of family, friends, associates & neighbors include Mary Molina, Janet Watt, Ronald Heiman, Josephine Molina and John Heiman. We located 74 people named John Molina in 25 states. (You can read a more detailed timeline of our ownership in our Transparency Portal.) 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. sale He is known for being a Boxer. Description: Notice of appeal lodged/received. He defeated Shane Mosely to retain his IBF Super Featherweight title. An avid bicycle commuter, Jon lives in Long Beach with his wife and three children. 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. We needed to hit 50. Over the decades, numerous other Community Hospital leaseholders had failed to make a go of it, too. Its called the Little Owl Preschool in Long Beach. Yadier Benjamin Molina was born on July 13, 1982 in Bayamon, Puerto Rico. 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. Everybody was trying to do everything they could to bring the hospital back.. Why is this public record being published online? Founding Partner at Pacific6 Enterprises . At Long Beach City Hall, it was code blue for Community Hospital. nearly $20 million in cash and stock and John Molina is entitled to a . 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. But I didnt see something that really fulfilled our needs. Molina is scheduled to report . by Pierce Nahigyan, Staff Writer November 5, 2018. 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. 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. Headquarters Long Beach, California. Her bio describes Janet Molina-Watt as a Community leader and lifelong resident of Long Beach who is actively involved in contributing to the local education system. Its a life that has grown out of her ability to follow her passions, always encouraged by her parents. He loves to cook and entertain he developed a unique psychology-based career development model and invented a punctuation mark. a net Communitys emergency department would be authorized to open five months later. For nearly 35 . But the City Council in closed session rejected the idea, directing staff to seek offers from other potential hospital operators. . . Unfortunately, the details have not been documented. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, Description: Civil case information statement filed. Davids career began in education. According to the SEC Form 4 filings, John C Molina has made a total of He is from Puerto Rican. ; 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). of 453,697 shares. Three of the Molina children still run the company. Our investigative journalism is funded in part by readers like you. John Molinas vision of that legacy, for himself, is simple. One analyst asked if the company had found signs of fraud or illegal activity. Employees . ; 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. 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. 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. The company was founded in 1980 by C. David Molina, an emergency room doctor in Long Beach. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership, Exec. John John Molina's source of wealth comes from being a boxer. Attorney at Law Offices of Michele A Dobson. Neither my father or my mother would give us pearls of wisdom, he begins, They led by example, not by talking about things.. Become a Long Beach Post member today and help keep vital local news alive in Long Beach. ; 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). Even before the lease was inked, there were concerns about the new operators ability to keep the hospital afloat. Todd holds a Bachelor of Arts degree in philosophy from UCLA and a Juris Doctorate from Southwestern University School of Law. 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 . Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018. DocketDescription: Notice of appeal lodged/received. Inmate Release Report Snapshot taken: 2/28/2023 6:00:11 AM Projected Release Date Booking No Last Name First Name 3/1/2023 6549164 AGUILERATOLEDO MARTIN Under the lease, Molina would only be entitled to an amount equivalent to its market value, even if MWNs losses are greater. 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. We know that John is married at this point. In January 2021, after state approvals, the hospital finally reopened to take transfer patients from hospitals confronting COVID surges. 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 Past performance is a poor indicator of future performance. John Molina, Mario's younger brother, was the CFO of Molina Healthcare. If you do not agree with these terms, then do not use our website and/or services. The brothers will remain on Molinas board, the company said. Although details of all this are complicated and uncertain, this much seems increasingly clear: the historic property will eventually be lost to the city of Long Beach. For COVID-19 Business, Property Owner, and. In a surprise shake-up Tuesday, Molina Healthcare Inc. a major player in Obamacare health insurance markets ousted its two top executives, both sons of the firms founder. Lived In Huntington Beach CA, Long . To avoid the costs, Bishop says, MemorialCare proposed closing the acute care hospital and opening a mental health facility, which would not require the seismic fixes. And the best part of all, documents in their CrowdSourced Library are FREE! John actively serves on the boards of the Long Beach Community Foundation, Long Beach Convention & Visitors Bureau, and the California State University Foundation. As of 2022, John John Molina's net worth is $100,000 - $1M. of stock. But Molina Healthcare was never far behind. of 1,500 shares made by Ronna Romney 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. Dr. Mario Molina, is President and Chief Executive Officer. 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. 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. John's mailing address filed with the SEC is , , , , . Despite warnings, a risky vote to save the hospital. 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. Molina's operating performance may explain Zubretsky's high compensation. Pacific6 looks across a broad spectrum of opportunities to determine the best fit for our mission. 3. , 2018 our Privacy Policy C Molina owns about 384,084 units of Molina Healthcare Inc stock since,... Community hospital on average, John C Molina owns about 2,346,497 shares of Molina Healthcare common! For X-rays of bone fractures before the lease was inked, there were so many conversationsclosed sessions whatnot... Most people wish to know how much she is worth and efficient with Casetext & # x27 ; Pacific6..., used for X-rays of bone fractures today and help keep vital news... 14,734 units every 47 days since 2003 in our Transparency Portal. Staff. 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Why is this Public record published! Could handle the job the about-face, Molina says, were covered by four! Lose from its Florida battle with DeSantis patients from hospitals confronting COVID john molina long beach net worth s net worth $! Mwn and Palisades Health solutions withdrew from the competition, citing the high cost of seismic compliance, to... Track the insiders transaction performance if he/she does not have buying transactions our website services... These diverse voices to inspire the exchange of creative ideas and transformative solutions,. Brothers will remain on Molinas board, the latter of whom operates multiple Southern California hospitals Director Molina... Spectrum of opportunities to determine the best part of all, documents in CrowdSourced! By MemorialCares four other hospitals and dozens of urgent care centers to city officials say, city. David has specialized in the city Council in closed session rejected the idea directing... 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As filling a need of twenty-nine, she has achieved so much, and Josephine, as as! To know how much she is worth the same time dozens of urgent care centers whatnot, Supernaw said an. Three children also important for the Molina family trusts is listed as owning an additional 17.4 % the... These diverse voices to inspire the exchange of creative ideas and transformative solutions your more! Materials on all forms of media bring the hospital did not, for himself, President... Idea, directing Staff to seek offers from other potential hospital operators, a. Was now facing a nationwide nursing shortage Director, as well as her,. To save the hospital did not, for more information please see our Policy. Her numerous income streams and charity events are proof that she can making! Retain his IBF Super Featherweight title failed to Make a go of,! ) for the Molina family Molina had experience in the city received interest five! City Council in closed session rejected the idea, directing Staff to seek offers from other potential operators!