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
- 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
- Molina Healthcare Announces First Quarter 2024 Earnings Release and Conference Call Dates • Business Wire • 03/06/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:41:26 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:40:42 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:39:07 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:38:22 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 01:37:24 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:21:35 PM
- Molina Healthcare Provides Update on the Virginia Cardinal Care Managed Care Contract • Business Wire • 02/29/2024 09:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:56:13 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/20/2024 08:58:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:48:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:46:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:45:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 03:38:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/14/2024 10:00:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:38:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:35:36 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/14/2024 06:18:32 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/12/2024 10:59:12 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/12/2024 05:32:10 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 11:19:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:18:44 PM
- Molina Healthcare Reports Fourth Quarter and Year-End 2023 Financial Results • Business Wire • 02/07/2024 09:15:00 PM
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