Molina Healthcare Inc. cracked the Fortune 500 in 2012 — literally as the 500th company on the list — as it continued to grow its businesses in 15 states including California. The 32-year-old company, which grew from a single family-run clinic serving the indigent in Long Beach, where the company is headquartered, is a leader in providing government-assisted health care services through Medicaid and the State Children’s Health Insurance Program and to Medicare patients through its Medicare Advantage plans. The company also owns primary care clinics throughout California and in Florida, New Mexico, Washington and Virginia and through a separate division provides business processing and IT services to Medicaid agencies. The company reported $4.8 billion in 2011 revenue. The founding Molina family owns roughly 38 percent of the company’s shares.
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