Molina Healthcare to record $200M impairment charge in Q4 on leased space

Molina Healthcare "concluded that it will record in Q4 an estimated non-cash, pre-tax impairment charge of approximately $200 million, attributable to leased space. This impairment charge results from the Company’s plan to reduce its real estate footprint to accommodate its move to a permanent remote work environment. This charge will be recorded outside of adjusted net income. As a result of this plan, the Company expects a significant decrease in its going-forward leased real estate expense."