News Headlines Article

Molina Healthcare anticipates more profitable 2015
Modern Healthcare

Molina Healthcare is projecting that profit will nearly double in 2015 as more Medicaid revenue flows into the managed-care company’s coffers.

The Long Beach, Calif.-based insurer released its 2015 financial estimates Thursday ahead of its biannual investor day meeting.

Molina expects net income will reach $117 million by the end of this calendar year, which would be a little less than two times the $62.2 million profit recorded in 2014. Earnings per share will be near $2.35, slightly below Wall Street’s prediction but still generally positive, analysts said.