The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Molina Healthcare Named to 2012 Fortune 500 List

Tuesday, May 08, 2012

Molina Healthcare Named to 2012 Fortune 500 List06:00 EDT Tuesday, May 08, 2012 LONG BEACH, Calif. (Business Wire) -- Molina Healthcare, Inc. (NYSE:MOH) announced today that it has been named to the 2012 FORTUNE 500 list, the magazine's annual list of the largest U.S.-based companies, ranked by total revenue. The Company makes its debut as #500 on the list, which can be found in the latest edition of FORTUNE and available on newsstands this week. “More than 30 years ago Molina Healthcare started with a single clinic and a commitment. That commitment was to provide better health care to those most in need and least able to afford it. Today, we are proud to have expanded from that one neighborhood clinic to approximately 1.8 million members in 10 states,” said J. Mario Molina, M.D., chief executive officer of Molina Healthcare, Inc. “I am pleased with our management team and our employees, who have worked hard to help shape and grow our company. I would also like to thank our state agency partners for working with us to serve the Medicaid beneficiaries in their communities. We are indeed honored to be included on this renowned list for the first time and are excited and optimistic about our future.” Molina Healthcare became a publicly-traded company on the New York Stock Exchange in 2003. At that time, the company had approximately $500 million in annual revenue. In 2011, Molina reached approximately $4.6 billion in annual revenue. About Molina Healthcare Molina Healthcare, Inc., a FORTUNE 500 company, provides quality and cost-effective Medicaid-related solutions to meet the health care needs of low-income families and individuals and to assist state agencies in their administration of the Medicaid program. Our licensed health plans in California, Florida, Michigan, Missouri, New Mexico, Ohio, Texas, Utah, Washington, and Wisconsin currently serve approximately 1.8 million members, and our subsidiary, Molina Medicaid Solutions, provides business processing and information technology administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West Virginia, and drug rebate administration services in Florida. Molina Healthcare, Inc.Juan José OrellanaInvestor Relations562-435-3666 ext. 111143orSunny YuPublic Relations562-901-1039