Molina Healthcare, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Joseph Michael Zubretsky
- Full Time Employees
- 19,000
- Sector
- Healthcare
- Industry
- Medical - Healthcare Plans
- Address
- 200 Oceangate Long Beach CA United States of America 90802
- IPO Date
- Jul 2, 2003
- CIK
- 0001179929
- Website
- molinahealthcare.com
- Similar Companies
- Business
- Molina Healthcare, Inc. Molina Healthcare, Inc. (NYSE: MOH) operates as a managed healthcare organization that provides health insurance and related services primarily to low-income individuals and families through government-sponsored programs including Medicaid, Medicare Advantage, and state insurance Marketplace plans; core offerings encompass managed care coordination, disease management, behavioral health services, long-term supports, prescription drug coverage, telehealth, and primary/specialty care access via extensive provider networks. The company serves over 5.6 million members across segments such as Medicaid in states including Arizona, California, Florida, Illinois, Kentucky, Massachusetts, Michigan, Mississippi, New Mexico, New York, Ohio, South Carolina, Texas, Utah, Virginia, Washington, and Wisconsin; Medicare in select markets like Arizona, California, Florida, Idaho, Illinois, Kentucky, Michigan, Nevada, New York, Ohio, South Carolina, Texas, Utah, Virginia, and Washington; and Marketplace plans in multiple states. Founded in 1980 by Dr. C. David Molina in Long Beach, California, where it maintains headquarters at 200 Oceangate, the Fortune 500 firm focuses on underserved populations in approximately 19 health plans spanning 15 states plus territories, emphasizing cost-effective care delivery for vulnerable groups such as children, pregnant women, seniors, and those with disabilities. Recent developments include the January 2024 acquisition of Bright Health's Medicare Advantage business for $500 million adding 109,000 members, the September 2023 purchase of My Choice Wisconsin Medicaid managed care organization with 44,000 members, the 2022 acquisition of AgeWell New York's Medicaid long-term care business for $110 million, the July 2024 announcement of a $350 million deal to acquire ConnectiCare Holding Company expected to close in the first half of 2025 and introduce operations in Connecticut serving 140,000 members, the October 2025 completion of Passport Health Plan's Medicaid assets in Kentucky, and new Medicaid contract wins in Ohio, Michigan, Massachusetts, Idaho, Florida, and Wisconsin projected to drive premium revenue toward $46 billion by 2026 amid membership growth to 5.1 million in Medicaid alone by end-2025.
Company News
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