This is a material contract win for Molina's Medicaid segment in a large state. Monitor for any protest or legal challenges that could delay the January 1, 2027 go-live, and watch for detailed contract terms (revenue, membership targets) in subsequent regulatory filings or investor updates.
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Executive Summary
Molina Healthcare announced that the Illinois Department of Healthcare and Family Services intends to award a HealthChoice Illinois Medicaid Managed Care contract to its subsidiary, Molina Healthcare of Illinois. The contract is expected to begin January 1, 2027, with a term of 4.5 years and an optional extension of up to 5.5 years, making Molina one of six plans serving Illinois's ~3.1M Medicaid beneficiaries.
Key Facts
- Illinois HFS intends to award a HealthChoice Illinois Medicaid contract to Molina Healthcare of Illinois
- Go-live date expected January 1, 2027
- Contract term: 4.5 years, with option to extend up to an additional 5.5 years
- Molina will be one of six health plans serving Illinois's roughly 3.1 million total Medicaid beneficiaries
- Announced via press release on June 10, 2026
Financial Impact
No specific contract revenue or margin figures disclosed in the filing. The contract covers a portion of ~3.1M Illinois Medicaid lives, with Molina as one of six plans; impact depends on final member enrollment and premium rates.
Risk Factors
- Successful protest or legal action by a competing plan could delay or prevent contract award
- Delay in start date (January 1, 2027) or shorter contract term than expected
- Illustrated membership and premium rates may differ from initial expectations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-020160 |
| Exhibit: ex_975231.htm | 0001437749-26-020160 |
| Document: 0001437749-26-020160-index-headers.html | 0001437749-26-020160 |
| Document: 0001437749-26-020160-index.html | 0001437749-26-020160 |
| Document: 0001437749-26-020160.txt | 0001437749-26-020160 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 9w ago | Institutional Cluster | $194.70 $198.75 | ▲ +2.08% | ▼ −1.89% | $182.55 (−6.24%) |
Jun 11, 2026 16w ago | Institutional Cluster | $193.20 $232.09 | ▲ +20.13% | ▲ +18.24% | $182.55 (−5.51%) |
Jun 10, 2026 16w ago | 8-K | $193.20 $232.09 | ▲ +20.13% | ▲ +18.24% | $182.55 (−5.51%) |
May 15, 2026 19w ago | Insider Cluster | $184.65 $201.87 | ▲ +9.33% | ▲ +7.14% | $182.55 (−1.13%) |
May 11, 2026 20w ago | 8-K | $184.46 $203.06 | ▲ +10.08% | ▲ +10.39% | $182.55 (−1.03%) |
May 8, 2026 21w ago | 8-K | $185.26 $190.86 | ▲ +3.02% | ▲ +3.00% | $182.55 (−1.46%) |
Apr 22, 2026 23w ago | 8-K | $172.71 $182.24 | ▼ −5.52% | ▼ −0.88% | $182.55 (−5.70%) |
Mar 23, 2026 27w ago | DEFA14A | $141.34 $152.92 | ▲ +8.19% | ▼ −0.71% | $182.55 (+29.16%) |
Feb 28, 2026 30w ago | Institutional Cluster | $152.21 $130.84 | ▼ −14.04% | ▼ −6.10% | $182.55 (+19.94%) |
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