3 hours ago...Molina paying 63.5 Million. Probably why they sold big chunk to help pay debts down. And the lawsuit....
7 replies (most recent on top)
Your safe!? Damn that’s some good Kool Aid!
Ummmm, you people are saying such bad things. My supervisor told me not to worry. That our department is safe. Isn't he right? We are part of MHI, not part of the states so we will keep our jobs, right?
@U7OUiRh-wqr Thank you.....I agree with each and every word you wrote.
I don't know WHAT it means in the bigger scheme of things.. people have been talking about Molina being acquired by another health plan for months now - and certainly all things considered any behavior that would lead someone to suspect that moves are being made to that end are not off base - the question is when, are we at risk of another Project Nickel-You-Out-Of-A-Job in the meantime and will Molina continue to sell ancillary businesses of (Pathways, etc.) before it happens or not..
Another consideration is the current CEO:
http://www.wbjournal.com/article/20171010/NEWS01/171019992/zubretsky-out-as-hanover-ceo
"Zubretsky, 60, has accepted a position as president and CEO of California managed care company Molina Healthcare, which had $14 billion in revenues last year. He leaves after taking over as Hanover CEO in June 2016 from Frederick Eppinger, who served in the role for 13 years. Hanover had $5 billion in annual revenues last year.
Zubretsky's departure comes after the company announced in February its annual profits from 2016 were half of what they were in 2015 -- $155 million vs. $332 million."
JZ served less than 16 months with Hanover and lead the company to a huge profit loss during his tenure..
Anyone who doesn't believe that the Molina board wasn't acting out of desperation when they poached JZ away from a struggling company under his watch is sadly misinformed.. JZ was not coming from a Medicaid centered business at the time and has been the wrong person for the CEO role - and JZ has been actively working to bring in talent from outside with promises of huge compensation while the core business suffers through continued inaction by those who are placed to shore up processes that have been broken for years. Top executives are cashing in and manipulating the company in order to seem on track, however at the end nothing is being done to turn things around for the better..
Now IT is being farmed out.
MMS is sold.
Anyone working with Pathways should be looking for another job, like three months ago.
Corporate headcount continues to shrink.
Company is in debt.
There is nothing good that will happen any time in the future - this company is as good as gone.
Dr. Cleo will surely be euthanized soon...
@U7OUiRh-oou This, alone, doesn't. What do you think it means.....for Molina, all things considered?
this doesn't mean the company is preparing for sale..
That reduced the shares and drove the stocks up to $105. Get ready for Molina to sell . It’s happening.