Clover Health Investments Corp. (NASDAQ: CLOV) is a healthcare technology company and operates as a Medicare Advantage insurer with services across the United States. The company was founded by Vivek Garipalli in August 2014, with headquarters in Tennessee, United States.
The company trades on the Nasdaq stock exchange under the ticker CLOV after going public in January 2021 through a special purpose acquisition company (SPAC).
Through its technology, Clover Health Investments offers preferred provider organizations and health maintenance organization health plans for customers eligible for medicare. The software collects, structures, and analyzes health and behavioral data to improve medical outcomes and lower patient costs.
The company also offers Medicare Advantage (MA) services to seniors with plans including hospital coverage, doctor visits, drug coverage, vision, dental, and hearing coverage.
CLOV main competitors
- Digit Insurance;
- Next Insurance;
- Bright HealthCare;
- Collective Health.
Clover Health Investments Corp. key milestones
In 2017, Clover Health officially attained unicorn status with a valuation of $1.2 billion following a $130 million funding round in May of that year.
On January 8, 2021, Clover Health went public through a merger with Social Capital Hedosophia, a special purpose acquisition company, in a deal worth $682 million.
To cater to seniors unable to leave their homes to acquire Covid-19 jabs, Clover Health began offering in-home vaccinations for seniors from September 2021.
Clover Health Investments Corp. FAQs
Does Clover Health stock pay dividends?
Clover Health (NASDAQ: CLOV) does not pay a dividend on its common stock.
Has Clover Health stock ever split?
Since going public, Clover Health stock has had zero splits as of September 2021.
What type of insurance is clover?
Clover Health is a Preferred Provider Organization (PPO) plan with a Medicare contract.
Can one use Clover Health Insurance with other insurance?
Yes. Only if your provider agrees to work with both Clover Health and your other health insurance plan.