Molina’s Ousted CEO Swoops In To Save California Clinics
"We've got more than 100,000 people who are depending on us for their day-to-day healthcare and these clinics are located in medically underserved areas," Dr. J. Mario Molina said.
Ousted Molina Healthcare CEO To Snap Up Insurer's Calif. Clinics
Health insurer Molina Healthcare is getting out of the primary care business to focus on insurance, and it's quietly shutting down medical clinics in underserved areas across the country, according to its former CEO. Dr. J. Mario Molina, who was unexpectedly ousted earlier this year from the company his father created, is in the process of buying 17 of those clinics in California that would have closed otherwise. The California clinics serve about 120,000 patients annually. (Livingston, 9/27)