Monday, April 09, 2012 10:51:59 AM
Companies:
Molina Healthcare Inc.
AMERIGROUP Corporation
Centene Corp.
RELATED QUOTES
Symbol Price Change
MOH 26.35 -8.66
AGP 64.60 -2.85
CNC 44.17 -6.63
WCG 69.40 -4.84
UNH 58.50 -0.51
Ohio said on Friday that it had selected Aetna (AET) and United Healthcare (UNH) to provide service to Ohioans enrolled in Medicaid beginning on January 1, 2013. The state decided not to renew the contracts of Medicaid pure-plays Amerigroup (AGP), Centene (CNC), Molina Healthcare (MOH), and WellCare (WCG). In a note to investors today, Deutsche Bank wrote that Ohio's decision is disappointing for the pure-plays, especially given the large, mature and profitable nature of the Ohio Medicaid market. However, Deutsche believes that Ohio's decision will likely have the most negative impact on Molina, but be more manageable for the other three companies. The firm notes that Ohio was Molina's largest single health plan market in 2011 and accounted for nearly 22% of its premium revenue. Deutsche adds that Ohio accounted for 7% of the total 2011 enrollment of Centene and WellCare, and less than 3% of Amerigroup's Q4 enrollment. Centene said that it would "formally protest" the state's decision, while Molina stated in an SEC filing that it's "evaluating whether to pursue" an appeal. In mid-morning trading, Molina plunged 24.36% to $26.48, Amerigroup slid 4.63% to $64.33, Centene lost 13.25% to $44.08, and WellCare sank 6.32% to $69.55.
Recent MOH News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/23/2024 01:00:10 PM
- Molina Healthcare Announces Third Quarter 2024 Earnings Release and Conference Call Dates and Investor Day Meeting • Business Wire • 09/09/2024 01:00:00 PM
- Molina Healthcare Senior Executive Vice President and CFO Mark Keim to Expand Role to Include Leadership of the Medicaid Health Plans and Marketplace Business • Business Wire • 09/04/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 01:05:18 PM
- Molina Healthcare Signs CEO Joe Zubretsky to New Employment Agreement • Business Wire • 08/20/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 08:53:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 09:35:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 08:46:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 08:45:36 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 09:48:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 08:24:13 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/25/2024 03:38:07 PM
- Earnings Updates: Ford Shares Fall 13% on EPS Miss, Stellantis Down 6%, Viking Therapeutics Up 20%, Unilever Up 5% • IH Market News • 07/25/2024 10:19:48 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2024 08:19:11 PM
- Molina Healthcare Reports Second Quarter 2024 Financial Results • Business Wire • 07/24/2024 08:15:00 PM
- Molina Healthcare to Acquire ConnectiCare • Business Wire • 07/23/2024 01:00:00 PM
- Molina Healthcare Awarded New Florida Medicaid Contract • Business Wire • 07/19/2024 01:00:00 PM
- Molina Healthcare Announces Second Quarter 2024 Earnings Release and Conference Call Dates • Business Wire • 06/05/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:34:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/22/2024 09:57:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:59:30 PM
- Molina Healthcare of Wisconsin Receives Notice of Intent to Award New Region 5 Contract • Business Wire • 05/22/2024 08:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 04:40:17 PM
- Molina Healthcare Reports First Quarter 2024 Financial Results • Business Wire • 04/24/2024 08:15:00 PM
- Molina Healthcare Wins Michigan Medicaid Contract • Business Wire • 04/11/2024 08:30:00 PM
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