Molina Healthcare (MOH) Stock

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MOH has obtained important contracts in Michigan and Idaho to enhance services for people who qualify for both Medicare and Medicaid. This move will help the organization grow and reinforce its position in providing integrated care solutions.

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) has announced that its subsidiary, Molina Healthcare of Michigan, has received a contract from the Michigan Department of Health and Human Services (MDHHS) to offer a Highly Integrated Dual Eligible Special Needs Plan (HIDE SNP). This contract comes after the MDHHS's earlier announcement on October 9, 2024, regarding their intention to award the HIDE SNP contract, which was later canceled.

Molina (MOH) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) has announced that it has successfully completed its previously mentioned offering of $750 million in senior notes with a 6.250% interest rate, set to mature in 2033. These notes were sold privately to individuals considered to be "qualified institutional buyers" under Rule 144A of the Securities Act of 1933, as well as to some investors outside the United States.

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) has announced that it has set the price for $750 million in senior notes with a 6.250% interest rate, maturing in 2033. These notes will be offered privately to qualified institutional buyers as defined by Rule 144A of the Securities Act of 1933, and to some investors outside the U.S. under Regulation S.

Molina Healthcare saw a 49.55% rise in its Medicaid membership from 2019 to 2023. The Medicaid program, which accounts for 91% of the company's revenue, is projected to grow by 5.2% each year from 2023 to 2032. According to the DCF model, the company is undervalued by 82.37% in a standard scenario and by 3.02% in a more negative outlook.

MIAMI--(BUSINESS WIRE)--The MolinaCares Accord and Molina Healthcare of Florida have contributed $75,000 to support disaster relief efforts after the hurricanes.