(One councilman was absent and one seat was vacant at the time.). Make your practice more effective and efficient with Casetext's legal research suite. John John Molina (born March 17, 1965) is famous for being boxer. John Molina, the former chief financial officer at Molina Healthcare, has resigned from its board of directo Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. From 2012 to 2017, the facility reported a net loss of nearly $27.2 million, only turning a profit in 2015 of $212,737. stock. For nearly a century, Community had served generations of residents in . Clarissa Molina net worth is allegedly valued at $1.5 million. . (He bought the Business Journal in 2020.). 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. John has many family members and associates who include Elsa Molina, Janet Heathcote, Aristides Molina, Marie Alban and Dennis Vazquez. 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. . and She is known fo. He wrote that Molina currently covers about 9% of all Americans enrolled in the Obamacare exchanges. And the best part of all, documents in their CrowdSourced Library are FREE! John C Molina is Above is the net worth, insider trading, and ownership report for John C Molina. Cardiologist Mike Vasilomanolakis, who came back to Community to serve as vice chief of staff, says the hospital was forced to hire nurses from registries, with some charging hundreds of dollars an hour. For more on Molina Healthcare, visit HERE. & Financial Affairs & Trustee & Molina Siblings Trust. Johns business and philanthropic connections to Long Beach are numerous and well-known. John Molina is 57 years old today because John's birthday is on 10/23/1964. Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, Description: Civil case information statement filed. Attorney at Artiano & Associates. But I didnt see something that really fulfilled our needs. The most-recent trade in Molina Healthcare Inc is the Everybody was trying to do everything they could to bring the hospital back.. 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. Pacific6 is a Long Beach-based partnership of six founders, committed to identifying, investing, and being intimately involved in inspiring and important ventures that can positively impact people and the communities in which they live. INC., ONE GOLDEN SHORE DRIVE, LONG BEACH, CA, 90802. What is John Molina's Net Worth? The company cited poor financial results. We were looking around. 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. Kathy Berry, Communitys former public relations director, says the staff spent countless hours trying to save the hospital and were left jobless when Molinas MWN pulled it from life-support. It is that we left Long Beach in a better place, more progressive, than when my parents came here in the 50s. They had incredible work ethic, both of them. Unfortunately, the details have not been documented. Pacific Community Media, or PCM, which oversees our two publications, is a subsidiary of Molinas company Pacific6. Pacific6 will continue to build on this portfolio of projects as new opportunities and relationships develop. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. It was the other two parties that were supposed to be the operators, Molina says of Sim and Wu. 0 transactions in Molina Healthcare Inc (MOH) over the past 5 years. 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. The Judges overseeing this case are ANDREW C. KIM, MARK C. KIM and MICHAEL P. VICENCIA. Over the past 18 months, John and the team felt very confident regardless of the change, the mayor says. They will remain on Molinas board. John C Molina owns 2,346,497 shares of Molina Healthcare Inc (MOH) as of February 22, 2018, with a value of $642 Million. Under Review. Molina Wu Network's John Molina and Community Hospital Long Beach at 1720 Termino Avenue (Facebook, City of Longbeach) The state wants the shuttered Community . DocketDescription: Default notice sent-appellant notified per rule 8.100(c). Dated:; Notes: non-compliance from lasc filed Oct 8, 2021, DocketDescription: Civil case information statement filed. John Molina's Pacific6 scores $55M financing for LB luxe landmark. 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. nearly $20 million in cash and stock and John Molina is entitled to a . 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. Other key executives at Apollo Medical Holdings Inc include SVP-Chief Accounting Officer John Vong . 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. ; Notes: Plaintiff and Appellant: Michelle Molina Attorney: Michele Antoinette Dobson, Brief: Civil case information statement filed. . Insiders trading at Molina Healthcare Inc. . Then the U.S. government blindsided it, A $150,000 executive protection dog? 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. In January 2021, after state approvals, the hospital finally reopened to take transfer patients from hospitals confronting COVID surges. Pacific6 looks across a broad spectrum of opportunities to determine the best fit for our mission. This investment adviser does not provide advice to individual investors. & Financial Affairs & Trustee & Molina Siblings Trust of Molina Healthcare Inc. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. They were more interested in us doing things exploring., Janet Molina-Watt and her husband have talked about what legacy they want to leave behind. 2004-2023 GuruFocus.com, LLC. More If you do not agree with these terms, then do not use our website and/or services. You may occasionally receive promotional content from the Los Angeles Times. J. Mario Molina, left, president and CEO, and John Molina, right, chief financial officer, of Molina Healthcare in their Long Beach office in 2010. Country United States. ; 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). 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. What that means in practice: To guard against conflicts, we are steadfast in adhering to the long-established code of ethics of our profession, which includes independence, transparency, and above all, to boldly seek truth and report it. Purchased in November 2017 by Pacific6, an investment group made up of six Long Beach entrepreneurs, the hotel is slated to open in 2020. The Molina Family in Molina Healthcare, Inc.: Dr. Martha Molina Bernadett, The Molina Family Profiles: Josephine Molina. Still, one crucial piece of that mission was missingthe patients. The two brothers will be replaced by Joseph White, currently the companys chief accounting officer. Ari Emanuel lets his AI alter ego open Endeavors earnings call. Thank you, eat.play.love! Gurus may be added or dropped from the GuruFocus site at any time. 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. 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. V.P. 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. 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. Research Tools Headquarters Long Beach, California. We know that John is married at this point. brought Molina Healthcare Company Stats. Phone: (562) 570-6099. On March 1, the state informed the city that the Community Hospital property is subject to a 2019 state law that seeks to encourage construction of affordable housing. Worker-Related Support. A determined legion of save our hospital stakeholders kept the pressure on at City Hall to make that happen. Under Review. 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? John A Molina, 51. On average, John trades about 14,734 units every 47 days since 2003. , You can see the complete history of John Molina stock trades at the bottom of the page. []For more visit https://www.olansi.net Liked by John 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. 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.. 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. Only a trickle showed up, despite the outcry among former employees and others in the community that the hospitals services were essential. 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. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Bob received both a Bachelor and Master of Arts degree in Mathematics from California State University, Long Beach and began his career teaching math at community colleges throughout southern California. The current estimated net worth of Molina Healthcare Inc's CFO, John Molina, is estimated to be about $213.37M . 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. PalacioMagazine.com is a multimedia digital platform featuring the stories of People of Color in an increasingly multicultural America. Todd sits on the board of directors of the Long Beach Convention and Visitors Bureau and the Downtown Long Beach Alliance. Dr. Martha Molina Bernadett is Executive Vice President of Research and Development and President and Founder of the Molina Foundation. 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. With all those costs, he says, there was just no way to make it work.. Hours: 8:00AM - 5:00PM. According to financial filings, J. Mario Molina owns 2.86% of the company, while John Molina owns 2.33% of the shares. There are 600+ professionals named "John Molina", who use LinkedIn to exchange information, ideas, and opportunities. a net The fact that we had a smaller footprint we thought would be advantageous.. The company cited financial performance for . But the California Department of Public Health was concerned about understaffing and ordered it to shut down in less than 30 days. 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. Attorney at Law Offices of Michele A Dobson. Despite warnings, a risky vote to save the hospital. Its called the Little Owl Preschool in Long Beach. a net Column: 15 minutes of fame flies by. In 2010, John and his siblings funded the construction of the Aquarium's Molina Animal Care Center. Los Angeles, Randall Emmett, Ambyr Childers settle domestic violence restraining order dispute, Column: Supreme Court conservatives may want to block student loan forgiveness. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. John C Molina, Exec. A refreshing cup of iced honey lemon (w/o sugar) works wonders after a long day of shoot! the Director of Molina Healthcare Inc and owns about 2,346,497 shares of Molina Healthcare Inc (MOH) stock worth over $642 Million. 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. ; Party Attorney: Plaintiff and Appellant: Michelle MolinaAttorney: Michele Antoinette Dobson. I want to take over the design of an entire building. 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 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. 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. Salary in 2019. DispositionDescription: Dismissed per rule 8.140(b); Disposition Type: Final. To review the remaining two proposals and offer a recommendation, the city hired Los Angeles-based COPE Health Solutions. John Molina Phone Number, Address, Age & Email - CocoFinder 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. We have a saying Were not in this for ourselves alone. 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. 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.. Do Not Sell or Share My Personal Information, How to connect formerly incarcerated people with jobs in L.A. County. Lived In Huntington Beach CA, Long . 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. 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. Whats going on? John Molina is a Founding Partner at Pacific6 Enterprises based in Long Beach, California. 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. Janet Molina-Watt knows something about taking a different path in life. On some days, city officials say, the hospital was seeing just two patients. John, Martha, Janet, and Josephine, as well as their spouses and children. sale Would not someone say, He [Molina] is going to walk away from this anyway? Wouldnt you think that statement would come up a few times? 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. John Kokken is an Indian Actor. 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. We have estimated John John Molina's net worth, money, salary, income, and assets. In 2018, Molina, a former chief financial officer of Molina Healthcare, embarked on an ambitious agenda of acquisition and development in Long Beach. We located 74 people named John Molina in 25 states. I enjoyed the creativity and the design., When she finished her degree, she decided she wanted more. Representatives of the citys four other hospitals with emergency departmentsMemorial, St. Mary, Lakewood Regional and Los Alamitostold the Post they experienced only a small uptick in patients after the MemorialCare closure and that the impact was minimal. Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Lee based her conclusion on a lease analysis prepared by the citys Economic Development Department. Net Worth in 2020. Molina's operating performance may explain Zubretsky's high compensation. 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. What did Disney actually lose from its Florida battle with DeSantis? As fate would have it, there was an architect working with Molina Healthcare building the Family Practice offices. For the familys legacy, Molina says. He has guided the successful merger and acquisition process of several subsidiary companies that resulted in new business and revenue expansion. Removing the brothers could make such a deal easier, analysts say. At the age of twenty-nine, she has achieved so much, and most people wish to know how much she is worth. The brothers will remain on Molinas board, the company said. Check John Molina's phone number, current home address, age and other contact information. Puerto Rican boxer and celebrity, IBF and WBO Super Featherweight Champion, who is known for being a socialite. Net income. And we were all expected to help out. Ste 5047. 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. This is a risk that we wanted to take and our constituents were asking for.. Long Beach, CA 90807-3319. 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. We made up our beds, took out the trash and helped with the laundry., Molina summed up the secret to the companys early success. Analysts have long viewed Molina as a potential acquisition target of a larger insurer. 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. The estimated net worth of Molina J Mario Md is at least $76 Million dollars as of 2023-02-16. California State University-Long Beach, +3 more . Past performance is a poor indicator of future performance. In this article, we take a look at John John Molina's net worth in 2021, total earnings, salary, and biography. ; 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 | Description: Default notice sent; no case information statement filed, or statement incomplete. Only the transactions in Open Market or Private Sale at the market prices are included. Salad is off the menu in Britain because of vegetable shortages. 3711 Long Beach Blvd. 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. But the City Council in closed session rejected the idea, directing staff to seek offers from other potential hospital operators. John Molina offers one other lesson for todays youth. Jon is a strategic, multidisciplinary talent and program development leader known for driving innovation across an array of industries including automotive, aerospace, commercial real estate, and healthcare. Over the decades, numerous other Community Hospital leaseholders had failed to make a go of it, too. Founding Partner at Pacific6 Enterprises . 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. I thought it would be a good thing.. 2021-07-20, Los Angeles County Superior Courts | Probate | A. James Artiano. All but MWN and Palisades Health Solutions withdrew from the competition, citing the high cost of seismic compliance, according to city officials. Mom was very involved in the PTA and while they never expressed disappointment if we didnt do well; they also didnt applaud us for doing well.. 2022 Pacific6 Enterprises | 211 E. Ocean Blvd., Suite 550, Long Beach, CA 90802 | 562-600-7226. DocketDescription: Appeal dismissed per rule 8.140(b). , He opened a private internal medicine practice following a preceptorship at St. Mary Medical Center in Long Beach. John also answers to John C Molina, and perhaps a couple of other names. 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. . Mom and Dad were always, of course theyre teachers, so I think it was innate in themthey really fostered this love of learning. So, I got a lot of practical experience. When she graduated, she went to work with an architectural firm. 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. As of 2022, John John Molina's net worth is $100,000 - $1M. On 03/17/2021 Michelle Molina filed an Other court case against John Molina in California Courts of Appeal. We knew there were big costs. sale Molina board removes CEO and CFO, long-time execs and founder's sons . She has been a PeaceBuilder since 1994 and a PeaceBuilders trainer and curriculum developer since 1998. 2020-05-15. Financial results are summarized below: . John Molina, Mario's younger brother, was the CFO of Molina Healthcare. As of 26 February 2018 John still owns at least 372,930 units of Molina Healthcare Inc stock. All Filters. 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. 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. 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. Their attention was elsewhere, he says. ; 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. Net Worth in 2021. He defeated Shane Mosely to retain his IBF Super Featherweight title. 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. 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. We needed to approach and evaluate this story like any other. Here we will discuss Alfred Molina Net Worth, Height, Weight, Age, Relation, Family, and more. 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.". sale Other key executives at Molina Healthcare Inc include I enjoyed the problem solving. 3. sale John's current home is located at Long Beach, CA. For nearly 35 . Mayor Robert Garcia, in an interview, said Molina offered assurances he could handle the job. 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