other material
confidence high
sentiment negative
materiality 0.80
Molina not selected for Virginia's Cardinal Care contract; current deal continues into summer 2024
MOLINA HEALTHCARE, INC.
- Molina Healthcare of Virginia was not chosen as an awardee in the Commonwealth's Cardinal Care Managed Care program.
- Current contract expected to continue into summer 2024; Molina serves ~140,000 members under the contract.
- Company will evaluate next steps as further details become available.