Welcome to our dedicated page for Alignment Healthcare news (Ticker: ALHC), a resource for investors and traders seeking the latest updates and insights on Alignment Healthcare stock.
Alignment Healthcare, Inc. (NASDAQ: ALHC) is a forward-thinking healthcare company dedicated to transforming the health care industry by prioritizing individuals over payments. The company has pioneered an innovative model of healthcare delivery that focuses on reducing costs while enhancing the quality of life for patients, particularly seniors, and those with chronic conditions. By leveraging best practices from Medicare Advantage, Alignment Healthcare utilizes advanced data-management technologies to provide tailored care for seniors, including the frail and chronically ill.
With a prominent presence across the United States, Alignment Healthcare operates various care centers and offices to offer customized care and services. These include clinical coordination, risk management, and technology facilitation. The company provides an array of health plan options, including HMO plans available to California residents through the Alignment Health Plan, and partners with select health plans in North Carolina and Florida. These collaborations aim to deliver superior benefits at reduced costs.
Alignment Healthcare is distinguished by its tech-enabled Medicare Advantage platform, which markets and sells these plans directly to consumers, allowing seniors to choose their preferred healthcare coverage and services annually. This innovative approach combines a technology platform and clinical model to achieve better health outcomes.
In recent news, Alignment Healthcare has made headlines by becoming the first Medicare Advantage plan to offer Instacart as a benefit, bringing food-as-medicine programs to chronically ill seniors in 13 counties across California and Nevada. This partnership underscores the company's commitment to addressing critical social barriers to senior health, such as food insecurity and transportation access. Furthermore, Alignment Healthcare's third quarter 2023 financial results showcased strong performance, including a 26.7% year-over-year increase in total revenue and an 18% growth in Medicare Advantage enrollment.
With a mission to redefine senior care, Alignment Healthcare continues to expand its offerings, now providing over 50 benefits-rich Medicare Advantage plans across 53 counties in six states. The company's purpose-built technology, AVA®, along with its 24/7 concierge care team, ensures high-quality, low-cost care for its members.
For more detailed information on Alignment Healthcare and its services, visit www.alignmenthealth.com.
Alignment Healthcare (NASDAQ: ALHC) has announced its upcoming participation at the 43rd Annual J.P. Morgan Healthcare Conference in San Francisco. The presentation is scheduled for Wednesday, January 15, at 1:30 p.m. PST. Interested parties can access both the live webcast and replay of the presentation through Alignment's investor relations website at ir.alignmenthealth.com.
Alignment Health Plan has expanded its Medicare Advantage network in Arizona through an enhanced agreement with Arizona Priority Care. The expansion gives members access to over 4,500 primary care providers, specialists, and hospitals, including Banner Health facilities, throughout Maricopa County. The network now encompasses major hospital systems including Abrazo Health, HonorHealth, and Dignity Health. For 2025, Alignment offers four HMO options in Maricopa County, including specialized plans for chronic conditions and Spanish-speaking members. The enhanced partnership builds upon their initial 2022 agreement.
Alignment Healthcare (NASDAQ: ALHC) has announced a private placement of $330 million in 4.25% Convertible Senior Notes due 2029. The notes will be convertible at an initial price of $16.04, representing a 25% premium to the stock's closing price on November 14, 2024. The company expects to receive net proceeds of approximately $321.05 million, which will be used to repay its existing term loan facility (currently at SOFR + 6.5%) and for general corporate purposes. The placement agent plans to purchase about 3.442 million shares of company stock in private transactions.
Alignment Healthcare (NASDAQ: ALHC) has announced its participation in two upcoming investor conferences. The company will present at the UBS Global Healthcare Conference in Rancho Palos Verdes, California on November 13 at 3:30 p.m. PST, and at the Stephens Annual Investment Conference in Nashville, Tennessee on November 20 at 9 a.m. CST. Both presentations will be available via webcast and replay on Alignment's investor relations website.
Alignment Health Plan has been recognized as one of Arizona's 'Best' Medicare Advantage insurers by U.S. News & World Report for 2025. The company is among only five insurers in Arizona to receive the 'Best' ranking badge, scoring above 3.8 on a 5-point scale among 149 MA plans. Alignment, which entered Arizona in 2022, now serves over 1 million Medicare-eligible seniors in Maricopa, Pima and Santa Cruz counties. For 2025, the company offers five HMO and special needs plan options, including the ONE + Walgreens plan with $0 premiums and chronic condition special needs plans with monthly allowances for groceries, utilities, and home safety items.
Alignment Health Plan has been recognized as one of only six insurers named to U.S. News & World Report's 2025 Best Insurance Companies for Medicare Advantage Honor Roll in California. The company's PPO plans achieved 4.5 stars and HMO plans maintained 4 stars from CMS. For 2025, Alignment is offering HMO, PPO, and special needs plans across 22 California counties, serving nearly 5.8 million Medicare-eligible seniors. Key features include $0 to low premium plans, $0 copay for Part D generic drugs in HMO plans, and two new chronic condition SNPs for lung and mental health conditions.
Alignment Health Plan has been recognized as one of only 5 'Best' Medicare Advantage insurers in Nevada by U.S. News & World Report for 2025. The company achieved this distinction among nearly 100 MA plans available in the state, earning a rating above 3.8 on a 5-point scale. In Nevada, Alignment offers four HMO plans in Clark and Washoe counties, serving over 500,000 Medicare-eligible seniors. Their Platinum + Instacart and smartHMO plans earned 5-star ratings from CMS, while their Heart & Diabetes plan received 4 stars. Key features include $0 copay for Part D generic drugs and 24/7 ACCESS On-Demand Concierge services.
Alignment Health Plan has been recognized as one of the 'Best' Medicare Advantage insurers in North Carolina by U.S. News & World Report for the third consecutive year. The company's HMO plan maintained its 5-star rating from CMS, making it one of only seven plans nationwide to achieve this distinction for 2025. Among 180 MA plans in North Carolina, Alignment is one of just 8 insurers to earn the 'Best' ranking badge. The company is offering five MA plans in North Carolina for 2025, including HMO, PPO, and special needs plans, serving over 660,000 Medicare-eligible beneficiaries across 16 counties.
Alignment Healthcare reported strong Q3 2024 results with total revenue of $692.4 million, up 51.6% year-over-year. The company's Medicare Advantage membership grew 57.7% to approximately 182,300 members. Notable achievements include earning a 5-star rating from CMS, with 98% of Medicare Advantage members in plans rated 4-stars or higher for 2025. Financial highlights include an adjusted gross profit of $80.5 million and adjusted EBITDA of $5.9 million, though the company reported a net loss of $(26.4) million. The company raised its year-end health plan membership and revenue guidance while narrowing full-year adjusted gross profit and adjusted EBITDA guidance.
Alignment Healthcare (NASDAQ: ALHC) has announced it will release its third quarter 2024 financial results on Tuesday, Oct. 29, 2024, after market close. The company will host a conference call to review these results at 5 p.m. EDT on the same day.
A live audio webcast of the conference call will be available at https://ir.alignmenthealth.com/. Participants can access the webcast directly at https://edge.media-server.com/mmc/p/dh2kdfjr. For those unable to attend live, a replay of the call will be available via webcast for on-demand listening shortly after the call concludes. The replay will remain accessible for approximately 12 months.
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