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News Breaks
August 4, 2014
16:30 EDTMOHMolina Healthcare names Keith Wilson as Chief Medical Officer
Molina Healthcare announced that Keith Wilson, M.D., has been named Chief Medical Officer for the company. Wilson was previously VP of clinical services for the Molina Medical Group clinics and American Family Care.
News For MOH From The Last 14 Days
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July 16, 2015
19:17 EDTMOHAffordable Care Act plan prices to increase 11.2% in 2016, WSJ says
State regulators will begin approving plan price increases for insurance plans purchased on Care Actís exchanges as early as this month, reports the Wall Street Journal. Nearly every state has plans with premiums increasing over 10%, with some as high as 30%-50%, the Journal adds. Publicly traded companies in the space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Reference Link
July 15, 2015
18:08 EDTMOHMolina Healthcare to acquire Medicaid assets of MyCare Chicago
Molina Healthcare and Accountable Care Chicago, also known as MyCare Chicago, jointly announced that Molina Healthcare of Illinois, a wholly owned subsidiary of Molina Healthcare, has entered into a definitive agreement to acquire certain assets of the Medicaid business of MyCare Chicago. As a part of the transaction, Molina Healthcare of Illinois will receive the right to assume MyCare Chicagoís Medicaid members in Cook County, Illinois, as well as certain assets related to the operation of the Medicaid business. Molina Healthcare of Illinois will fund the transaction with available cash on hand. Subject to regulatory approvals and the satisfaction of other closing conditions, the closing of the transaction is expected to occur during Q4.
07:23 EDTMOHCentene upgraded to Buy from Hold at Jefferies
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