Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Molina Healthcare, Inc.    MOH

MOLINA HEALTHCARE, INC. (MOH)
My previous session
Most popular
  Report  
Real-time Quote. Real-time Cboe BZX - 08/20 10:00:00 pm
135.905 USD   +0.80%
08/16BREAKING A BARR : Denise Baker becomes the first-ever black trustee ..
AQ
08/13MONDAY SECTOR L : Hospital & Medical Practitioners, Apparel Stores
AQ
07/31MOLINA : 2Q Earnings Snapshot
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Walgreens, DaVita end relations with Molina

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 07:59pm CEST

Two organizations have ended their business relationship with Molina Healthcare: DaVita Medical Group and the national pharmacy chain Walgreens.

The Long Beach, Calif.-based Molina confirmed the split on Thursday, but would not comment on the reasons behind the contract terminations. Molina is an investor-owned company that serves more than 250,000 members in New Mexico through Medicaid, Medicare and the state health insurance marketplace.

The contract change with DaVita affects Molina’s Medicaid and insurance exchange members, Molina said.

“Molina makes adjustments to its provider and pharmacy networks while ensuring a robust network to accommodate member needs, meet contractual requirements with the state and to provide the most cost-effective, high quality care,” Danielle Smith, a Molina spokeswoman, said in a statement. “Although we were unable to reach an agreement with DaVita Medical Group in Albuquerque, our members still have access to a robust network of health care providers in the community.”

Smith said Molina members will still have access to about 400 chain and independent pharmacies throughout the state.

A Walgreens spokesman confirmed the contract termination and directed questions back to Molina.

A spokesman for DaVita said its contract with Molina will end Dec. 1.

“We want to create meaningful, value-based relationships with payer partners that share our goals and values: high quality, lower cost healthcare for the people of New Mexico,” a DaVita spokesman wrote in a statement. “We strive to create alignment with payer partners around data and administrative support while building respect for our medical group’s priorities.”

DaVita has 17 locations in the Albuquerque metro area and 900 employees.

The company merged with ABQ Health Partners four years ago.

© Copyright (c) 2017 Albuquerque Journal, source Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
DAVITA -0.04% 72.46 Delayed Quote.0.33%
INTERRA RESOURCES LTD 0.00% 0.04 End-of-day quote.-34.43%
MOLINA HEALTHCARE, INC. 0.77% 135.87 Delayed Quote.75.83%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MOLINA HEALTHCARE, INC.
08/16BREAKING A BARRIER : Denise Baker becomes the first-ever black trustee at LPL
AQ
08/13MOLINA HEALTHCARE INC : Termination of a Material Definitive Agreement (form 8-K..
AQ
08/13MONDAY SECTOR LEADERS : Hospital & Medical Practitioners, Apparel Stores
AQ
08/01MOLINA HEALTHCARE : Management's discussion and analysis of financial condition ..
AQ
08/01MOLINA HEALTHCARE, INC. : to Host Earnings Call
AC
07/31MOLINA HEALTHCARE INC : Results of Operations and Financial Condition, Financial..
AQ
07/31MOLINA : 2Q Earnings Snapshot
AQ
07/31MOLINA HEALTHCARE : Announces Second Quarter 2018 Results and Increases Fiscal Y..
BU
07/25Free Stock Performance Review on Cigna and Three Additional Health Care Plans..
AC
07/17MOLINA HEALTHCARE : Change in Directors or Principal Officers (form 8-K/A)
AQ
More news
News from SeekingAlpha
08/17FTC approves DXC's Molina Medicaid buy; DXC UK cutting staff 
08/08Cigna chief "disappointed" with Icahn's position on ESRX deal 
08/01Molina Healthcare (MOH) Q2 2018 Results - Earnings Call Transcript 
08/01HEALTHCARE - TOP 5 GAINERS / LOSERS : 00 am (08/01/2018) 
08/01U.S. health insurers to sell cheaper pared-down coverage in October 
Financials ($)
Sales 2018 18 838 M
EBIT 2018 817 M
Net income 2018 450 M
Finance 2018 2 780 M
Yield 2018 -
P/E ratio 2018 20,07
P/E ratio 2019 21,56
EV / Sales 2018 0,29x
EV / Sales 2019 0,28x
Capitalization 8 327 M
Chart MOLINA HEALTHCARE, INC.
Duration : Period :
Molina Healthcare, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MOLINA HEALTHCARE, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 134 $
Spread / Average Target -0,43%
EPS Revisions
Managers
NameTitle
Joseph M. Zubretsky President, Chief Executive Officer & Director
Dale B. Wolf Chairman
Thomas L. Tran Chief Financial Officer & Treasurer
Ronna E. Romney Vice Chairman
Charles Z. Fedak Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MOLINA HEALTHCARE, INC.75.83%8 327
UNITEDHEALTH GROUP18.99%252 486
ANTHEM INC17.31%68 615
AETNA10.24%65 107
CIGNA CORPORATION-7.26%45 835
HUMANA30.86%44 721