Molina sees $200M impairment charge as it shifts to permanent remote work

Molina Healthcare said in a Dec. 28 SEC filing that it will record a $200 million impairment charge in the fourth quarter of 2022 attributable to leased space. 

The charge is a result of the insurer's plan to reduce its real estate footprint to accommodate its shift to a permanent remote work environment, according to the filing. 

The charge will be recorded outside of adjusted net income, according to the filing. The company is expecting a significant decrease in leased real estate expenses moving forward.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Top 40 articles from the past 6 months