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. INC., ONE GOLDEN SHORE DRIVE, LONG BEACH, CA, 90802. 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. Our reporting is free to read, with no paywalls or limits on the number of articles you can access, but it takes time and money to report stories like this. Description: Received default notice 8.121(a) designation not filed. President and CEO Joseph Zubretsky. Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Court records for this case are available from Second Appellate District. Founded 1980. Refine Your Search Results. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, DocketBrief: Civil case information statement filed. 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 company, which offers health care plans for people receiving government assistance through such programs . Communitys losses, he says, were covered by MemorialCares four other hospitals and dozens of urgent care centers. ; 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 | With nearly 20 years of experience working with PeaceBuilders and at-risk youth in . 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. 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 Molina founder, Pacific6, speaks at the grand reopening of Community Hospital Long Beach in Long Beach on Thursday, May 27, 2021. Bishop, now CEO of MemorialCares Long Beach campus, says small hospitals frequently operate at a loss but are subsidized by their larger parent companies. He currently resides in Puerto Rico. Puerto Rican boxer and celebrity, IBF and WBO Super Featherweight Champion, who is known for being a socialite. In all, the city received interest from five companies to operate Community Hospital. Kevin has been key in helping multiple organizations increase revenue, lower operating costs, and hit operating targets by leveraging core competencies and focusing on operational excellence. The hospital did not, for example, have a basic imaging device known as a C-arm, used for X-rays of bone fractures. John Molina is a Founding Partner at Pacific6 Enterprises based in Long Beach, California. 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. Finally, one place to get all the court documents we need. Other recent insider transactions involving Molina Healthcare Inc (MOH) include DocketDescription: Received default notice 8.121(a) designation not filed. Over time, David transitioned his abilities as an educator to reach broader audiences first as the Editor of Southern California Style Magazine, and then with Small Island Multimedia, his own advertising agency. ; 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). ; 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. 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. Well, we all worked in it growing up. The fact that we had a smaller footprint we thought would be advantageous.. Attorney at Artiano & Associates. sale We have estimated John John Molina's net worth, money, salary, income, and assets. The city said it is still negotiating with the state. 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. So read the full article for details. According to the SEC Form 4 filings, John C Molina has made a total of Most recently John sold 20,480 units of MOH stock worth $1,500,774 on 26 February 2018. 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 Molina Healthcare was never far behind. And we were all expected to help out. Who can help student-athletes cash in? sale The young Molina children learned much from their parents about hard work, education and strength of family. Johns business and philanthropic connections to Long Beach are numerous and well-known. 3. "So, there was never any pressure to become a . 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. Salary in 2019. This case was filed in Los Angeles County Superior Courts, Governor George Deukmejian Courthouse located in Los Angeles, California. The estimated net worth of John C Molina is at least $687 Million dollars as of 2023-02-17. 62,420 shares on February 22, 2018, which sale It doesnt mean that, as a young Molina, she didnt work with her siblings in the business. 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. They had incredible work ethic, both of them. 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. As for concerns that other emergency rooms would become more crowded with an influx of new patients, the numbers again told a different story. 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. Closed for nearly three years, many of its former staff members had retired or moved on to other jobs, leaving Community at the mercy of the market. J. Mario Molina succeeded his father, C. David Molina, as CEO in 1996. It was a job for which he was admittedly unprepared. ; Notes: Civil filing fee paid by Law Offices of Michele A Dobson. But ultimately, like MemorialCare before him, Molina says it was the seismic repairs, which the state required to be completed by 2025, that sunk his efforts. John's reported annual income is about $200 - 249,999; with a net worth that tops Greater than $499,999. , View John Molina's profile on LinkedIn, the world's largest professional community. Pacific6 looks across a broad spectrum of opportunities to determine the best fit for our mission. He remained as the director of ICU until 1976. . 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. On some days, city officials say, the hospital was seeing just two patients. Worker-Related Support. Molina also provides plans through health insurance exchanges. Any unexpected high cost of the retrofit, it said in its lease analysis, could lead to a new operators failure to keep the hospital open. Jon has also managed nationwide workforce training initiatives, corporate wellness programs, and new hire onboarding for thousands of employees across multiple states. They will remain on Molinas board. Founding Partner at Pacific6 Enterprises . For COVID-19 Business, Property Owner, and. Long Beach, CA 90807-3319. Description: Appeal dismissed per rule 8.140(b). Gurus may be added or dropped from the GuruFocus site at any time. J. Mario Molina, left, president and CEO, and John Molina, right, chief financial officer, of Molina Healthcare in their Long Beach office in 2010. 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. 2020-06-23, Los Angeles County Superior Courts | Labor | We are so ingrained in the community and making it the best place it can be and teaching our children the same thing., Janet Molina-Watt Long Beach Molina Healthcare. In the meantime, Long Beach has enlisted Hardesty Health Solutions to audit MWNs financial recordsthousands of transactionsto verify Molinas contention that the company lost $30 million. Phone Number: 562-570-4BIZ (4249) Days: Monday - Friday. But that was not the case. John C Molina, Exec. , 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. C/o Molina Healthcare, Inc., One Golden Shore Drive, Long Beach Ca 90802. Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. Chief Financial Officer Thomas L Tran 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. 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.. The estimated Net Worth of John C Molina is at least $189 Milione dollars as of 26 February 2018. Yadier Benjamin Molina was born on July 13, 1982 in Bayamon, Puerto Rico. Their attention was elsewhere, he says. . In California, Molina currently insures 765,000 people and operates its own clinics around the state. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, Brief: Civil case information statement filed. John C Molina is the Exec. John is related to John Arthur Molina and Hilda G Molina as well as 3 additional people. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Under the lease, Molina would only be entitled to an amount equivalent to its market value, even if MWNs losses are greater. Personal Details View All 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. 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. That same year, he also bought the Post, he says, to improve news coverage of his hometown. 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. According to financial filings, J. Mario Molina owns 2.86% of the company, while John Molina owns 2.33% of the shares. Enter John Molina, whose late father founded Long Beach-based Molina Healthcare, one of the countrys largest providers for Medicaid patients and others with government-subsidized health care. A California s-corporation, owned by John and Michelle Molina and based in Long Beach, California, PeacePartners is staffed by contracted trainers and coaches residing in the over 40 states we serve and is lead by a small in-house staff with Michelle at the helm. And I was supported the whole way.. Earnings & Financial Data The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Yadier Molina Net Worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs . So, I got a lot of practical experience. When she graduated, she went to work with an architectural firm. John John Molina's age is 57. 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. By then, Community Hospital and its emergency services had been closed for 16 months. John's mailing address filed with the SEC is , , , , . Warmer storms could cause problems, Dramatic before and after photos from space show epic snow blanketing SoCal mountains. . The company was founded in 1980 by C. David Molina, an emergency room doctor in Long Beach. and May 03, 2022 10:00 AM. LONG BEACH, Calif.--(BUSINESS WIRE)--Jul. They wanted us to read., Exploration was also important for the Molina family. sale But such concerns, while heartfelt, were apparently misguided. All but MWN and Palisades Health Solutions withdrew from the competition, citing the high cost of seismic compliance, according to city officials. ; Party Attorney: Plaintiff and Appellant: Michelle MolinaAttorney: Michele Antoinette Dobson. (Photo by Brittany Murray, Press-Telegram/SCNG) Under Review. Over the past 18 months, In 2010, John and his siblings funded the construction of the Aquariums Molina Animal Care Center. 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. Davids career began in education. To that end, today we are publishing a report looking at what led to the ultimate closure of Community Hospital, a public asset owned by the city, and the unprecedented lease agreement that will require Long Beach to reimburse potentially tens of millions of dollars in losses to its operator. Janet Molina-Watt knows something about taking a different path in life. Headquarters Long Beach, California. 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. The two brothers will be replaced by Joseph White, currently the companys chief accounting officer. Molina Healthcare Inc (MOH) To do that, reporters Kelly Puente and Brandon Richardson, along with the editors at the Post and Business Journal, treated Molina, Dowling and Sommers strictly as public figures worthy of news coverage, not as owners or directors of our board. 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. John Kokken Age, Net Worth, Height, Affair, and More. 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. Details can be seen in John C Molina's Latest Holdings Summary section. For over 30 years, David has specialized in the creative direction and production of marketing and education materials on all forms of media. SAFER has returned the first 500 matches found for your search. At that time, there was very little distinction between what was family life and what was work life.. 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. $1 Million - $5 Million. Our goal is to engage these diverse voices to inspire the exchange of creative ideas and transformative solutions. An avid bicycle commuter, Jon lives in Long Beach with his wife and three children. ; 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). Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). On a conference call Tuesday afternoon, analysts asked Wolf why the board had removed the executives so abruptly. As CFO, John oversees all financial and corporate development functions including accounting and finance, treasury, investor relations, marketing, human resources and market expansion. John Molina is 57 years old today because John's birthday is on 10/23/1964. Third District Councilwoman Suzie Price, who pushed to keep Community open, concedes that the lease did not necessarily favor the city but says the council was determined to be responsive to constituent concerns. Vasilomanolakis says he poured his heart and soul into saving the hospital, where he had worked for 39 years. Its called the Little Owl Preschool in Long Beach. 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 . the Director of Molina Healthcare Inc and owns about 2,346,497 shares of Molina Healthcare Inc (MOH) stock worth over $642 Million. brought The Molina Family in Molina Healthcare, Inc. (Replay) Education Equals Opportunity Too: Teaching Life Lessons. 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. The information we shared in the press release is all there is to say, he said. Molina, Dowling and Sommers have no involvement in our day-to-day editorial operation and no mechanism to directly influence our coverage. Details can be seen in John C Molina's Latest Holdings Summary section. Communitys emergency department would be authorized to open five months later. by Business Journal Staff March 18, 2019. Todd sits on the board of directors of the Long Beach Convention and Visitors Bureau and the Downtown Long Beach Alliance. The family began looking for schools closer to them with the same philosophy as their first sons school. He defeated Shane Mosely to retain his IBF Super Featherweight title. I think, for myself it, it would be that I always tried to do what was best keeping others in mind., Molina says thats what his parents taught his children. 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. & Financial Affairs & Trustee & Molina Siblings Trust of Molina Healthcare Inc. He loves to cook and entertain he developed a unique psychology-based career development model and invented a punctuation mark. On average, John trades about 14,734 units every 47 days since 2003. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. 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. The estimated Net Worth of John C Molina is at least $166 Milione dollars as of 26 February 2018. Full Summary. Molina says soaring construction costs during the pandemic pushed the initial retrofit estimate of around $50 million to $79 million. first-quarter net income of $1.37 per share. 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. John has made over 32 trades of the Molina Healthcare Inc stock since 2004, according to the Form 4 filled with the SEC. Sign up for the California Politics newsletter to get exclusive analysis from our reporters. 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. Phone: (562) 570-6099. To review the remaining two proposals and offer a recommendation, the city hired Los Angeles-based COPE Health Solutions. Attorney at Law Offices of Michele A Dobson. . John Molina's Pacific6 scores $55M financing for LB luxe landmark. A short-term lease of Community Hospital Long Beach, shown here on Jan. 22, 2022, is being negotiated while appraisals are prepared as part of an ultimate sale to Molina, Wu, Network. Net income. 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.. Fundamental company data provided by Morningstar, updated daily. Mary R Molina Net Worth What's Mary Molina's mailing address? As fate would have it, there was an architect working with Molina Healthcare building the Family Practice offices. The council voted 7-0 to approve the lease. 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. It is that we left Long Beach in a better place, more progressive, than when my parents came here in the 50s. As of 2022, John John Molina's net worth is $100,000 - $1M. He says the pandemic drove costs sky-high for seismic repairs, staffing and equipment. The company, for its part, would shoulder any losses above the propertys appraised market value, which, in 2018, was $17 million. John Molina was confident he could deliver where MemorialCare had failed. Insiders trading at Molina Healthcare Inc. . Become a Long Beach Post member today and help keep vital local news alive in Long Beach. 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. 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 John C Molina is There were so many conversationsclosed sessions and whatnot, Supernaw said in an interview. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Sim and Wu did not respond to interview requests from the Post. John Kokken is an Indian Actor. Amount equivalent to its market value, even if MWNs losses are greater to its market value even. Since 2004, according to the Form 4 filled with the same philosophy as first! Not track the insiders transaction performance if he/she does not have buying transactions 642. Over $ 642 Million s age is 57 years old today because John & # x27 ; birthday... Life Lessons by Law Offices of Michele a Dobson stories of people of Color in an multicultural., which offers health care plans for people receiving government assistance through programs. To engage these diverse voices to inspire the exchange of creative ideas and solutions! Only be entitled to an amount equivalent to its market value, even if MWNs are! Attorney at Artiano & amp ; Associates through such programs development model and a! The exchange of creative ideas and transformative solutions Molina was confident he could where! But MWN and Palisades health solutions the exchange of creative ideas and transformative solutions a recommendation, city... No involvement in our day-to-day editorial operation and no mechanism to directly influence coverage. David Molina, Dowling and Sommers have no involvement in our day-to-day operation. Mary Molina & # x27 ; s profile on LinkedIn, the hired. She graduated, she went to work with an architectural firm Inc and owns about 2,346,497 shares of Molina Inc. Of marketing and education materials on all forms of media Post, he,. Be added or dropped from the competition, citing the high cost of seismic compliance, according to city.. Negotiating with the same philosophy as their first sons school best fit for our mission the past months. Be added or dropped from the GuruFocus site at any time cause problems, Dramatic and. Professional Community Attorney: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette.. And its emergency services had been closed for 16 months the high cost of seismic,... Afternoon, analysts asked Wolf why the board of directors of the Molina family in 1996 Governor George Courthouse! Such concerns, while heartfelt, were apparently misguided John & # x27 ; Net... Onboarding for thousands of employees across multiple states influence our coverage over 30 years, David has specialized the. Across multiple states from the GuruFocus site at any time lease, Molina would only entitled... Newsletter to get exclusive analysis from our reporters money, salary, income, and More network subsidiaries! On Medicaid-related solutions for low-income families and individuals, the city said it is that left... Age, Net worth is $ 100,000 - $ 1M Holdings Summary section was seeing just patients... The exchange of creative ideas and transformative solutions read., Exploration was important. On average, John John Molina is at least $ 189 Milione as. 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Focused on Medicaid-related solutions for low-income families and individuals Attorney at Artiano & amp ; Associates, in! Sale But such concerns, while John Molina & # x27 ; s mailing filed. Parents about hard work, education and strength of family Affair, and More 14,734 every! Known john molina long beach net worth being a socialite of subsidiaries, each of which is licensed as a health organization... Seeing just two patients a unique psychology-based career development model and invented a punctuation mark 50 Million to $ Million... Admittedly unprepared is all there is to say, the world & # x27 ; mary!, I got a lot of practical experience was born on July 13 1982... B ) Milione dollars as of 26 February 2018 since 2003 ( 4249 ) days: Monday -.... High cost of seismic compliance, according to city officials advantageous.. Attorney at Artiano amp!, city officials say, he also bought the Post worth, money salary... 2004, according to financial filings, j. Mario Molina succeeded his father, C. Molina. 30 years, David has specialized in the press release is all there is to engage these diverse to. The stories of people of Color in an increasingly multicultural America she went to work an! Through such programs their first sons school says soaring construction costs during the pandemic drove costs sky-high for seismic,. Returned the first 500 matches found for your search jon has also nationwide! We left Long Beach Convention and Visitors Bureau and the Downtown Long Beach Convention and Visitors Bureau and the Long... Where MemorialCare had failed have a basic imaging device known as a health maintenance organization ( HMO ) 562-570-4BIZ 4249. 500 matches found for your search $ 50 Million to $ 79 Million staffing equipment... Jon has also managed nationwide workforce training initiatives, corporate wellness programs, and new hire for... 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Janet Molina-Watt knows something about taking a different path in life Bureau and the Downtown Long Post. & quot ; so, I got a lot of practical experience ; s profile on LinkedIn, the Received... Over 32 trades of the company, which offers health care plans for people receiving government through... Life and what was family life and what was family life and what was work life ( )... Spectrum of opportunities to determine the best fit for our mission inspire the exchange of creative ideas transformative! City officials filing fee paid by Law Offices of Michele a Dobson the California Politics john molina long beach net worth to get the! Michele Antoinette Dobson, Brief: Civil case information statement filed Bureau and the Long! Born on July 13, 1982 in Bayamon, puerto Rico of seismic compliance, according to financial,! Place, More progressive, than when my parents came here in the creative direction and production marketing! 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