LONG BEACH, Calif.–(BUSINESS WIRE)–Molina Healthcare, Inc. (NYSE: MOH):
- Net loss of $230 million for the quarter, or $4.10 per diluted share.
-
Restructuring plan now underway is expected to reduce annualized
run-rate expenses by $300 million to $400 million upon completion in
2018. -
$200 million total reduction to annualized run-rate expenses resulting
from staff reductions expected to be achieved by the end of 2017 in
time for full realization in 2018. -
Annualized salary eliminations of $55 million achieved so far in the
third quarter of 2017. -
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