To put it simply, Clover Health is a Medicare Advantage insurer that’s on a mission to improve every life. The company works with medical professionals and leverages the power of technology to make healthcare more accessible. Clover Health’s target market is primarily underserved patients, including America’s seniors.
Similarly Who are Clover Health competitors? Clover Health competitors include Aflac, Liberty Mutual Insurance, Oscar Health and State Farm Insurance.
Who is Clover Health backed by? Funding and IPO
A Series D funding round in 2017 included support from Alphabet Inc’s investment company GV and led to Clover Health being valued at more than $1.2 billion and achieving “unicorn” status.
Additionally, Who is Clover Health owned by?
SPAC Odyssey: Chamath Palihapitiya took Clover Health public this year in a deal that valued the company at $3.7 billion. The venture has also brought Garipalli considerable wealth.
Is Clover part of Medicare?
Clover is a Medicare Advantage plan (Part C) that covers hospitals and doctor visits like Original Medicare, and includes Part D prescription coverage—all in one.
How many employees does clove health have? The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
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Clover Health.
| Type | Public |
|---|---|
| Key people | Vivek Garipalli (CEO), Andrew Toy (President), Conrad Wai (CTO) |
| Number of employees | 458 (2021) |
| Website | cloverhealth.com |
How many employees does clover have? Clover Insurance Company has 500 total employees across all of its locations and generates $89.63 million in sales (USD).
How long has Clov been in business? Founded in 2014 and headquartered in Tennessee, Clover is expanding its membership, doubling its coverage area and losing money. For the third quarter of 2021, the company reported a 111% medical cost ratio, meaning it paid out 11% more in medical costs than it earned in premiums .
How does Clover Health make money?
How Does Clover Health Make Money? While Clover could dabble in commercial insurance in the future, the company’s revenue is almost entirely derived from government-sponsored payments. Clover also makes commissions from reinsurance agreements (less than 1% of revenue in FY20).
Is Google invested in Clover Health? Google parent company invests in Medicare Advantage startup Clover Health. Clover Health plans to use its new investment funding to expand to serve as many as three more states by October. Clover Health, the technology-focused startup serving Medicare Advantage customers, just got another infusion of venture capital.
What do doctors think about Clover assistant?
How long has CLOV been in business? Founded in 2014 and headquartered in Tennessee, Clover is expanding its membership, doubling its coverage area and losing money. For the third quarter of 2021, the company reported a 111% medical cost ratio, meaning it paid out 11% more in medical costs than it earned in premiums .
Which states does Clover Health operate in?
The planned expansion will bring coverage to a total of 74 additional counties with 69 of the additional counties being in Clover’s existing markets of Arizona, Georgia, New Jersey, Pennsylvania, South Carolina, Tennessee, and Texas, as well as 5 counties in Mississippi—a new market for the company.
Who started Clover Health?
Vivek Garipalli is the co-founder and CEO of Clover Health. Prior to founding Clover, he founded CarePoint Health in 2008, a fully integrated healthcare system in New Jersey.
How do I invest in Clover Health? How to buy shares in Clover Health Investments
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Is Clover publicly traded? On November 15th, Clover Health announced an upsized public offering of about 52.2 million shares at 5.75 per share. With projected gross proceeds of about $300 million, the company plans to spend fresh funds for working capital and general corporate purposes.
How many states is Clover Health in?
Today, Clover Health, an innovative technology company improving health outcomes for America’s seniors, announces plans to triple its geographic footprint. The expansion, pending CMS approval, increases Clover’s coverage to 108 counties in eight states.
How many shares of CLOV exist? CLOV has 473.27 million shares outstanding. The number of shares has increased by 372.84% in one year.
How many shares of CLOV are there?
Institutional Ownership and Shareholders
Clover Health Investments Corp Class A (US:CLOV) has 207 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 130,876,788 shares.
How many shares does CLOV have? Share Statistics
| Avg Vol (3 month) 3 | 15.49M |
|---|---|
| Shares Outstanding 5 | 378.53M |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | 320.76M |
| % Held by Insiders 1 | 10.37% |
