Clover Health Stock Is Climbing After The Close: What's Going On?
Portfolio Pulse from Adam Eckert
Clover Health's stock surged over 21% in after-hours trading following a multi-year agreement between its subsidiary, Counterpart Health, and The Iowa Clinic. The deal involves providing a cloud-based software platform to clinicians, with potential incentive payments tied to care management goals.
September 03, 2024 | 9:17 pm
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Clover Health's stock rose significantly after announcing a partnership with The Iowa Clinic through its subsidiary, Counterpart Health. The deal involves providing a cloud-based platform to clinicians, with revenue generated per member and potential incentives.
The announcement of a multi-year agreement with The Iowa Clinic is a significant development for Clover Health, as it expands the reach of its AI-enabled platform, Counterpart Assistant. This partnership is expected to generate steady revenue through per-member fees and potential incentives, which is likely driving the stock price up.
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