Welcome to our dedicated page for Ontrak news (Ticker: OTRK), a resource for investors and traders seeking the latest updates and insights on Ontrak stock.
Ontrak Inc (OTRK) delivers AI-powered behavioral healthcare solutions through its proprietary PRE platform, addressing chronic conditions exacerbated by untreated mental health factors. This page serves as the definitive source for official company announcements and strategic developments.
Access timely updates including earnings reports, partnership agreements, regulatory milestones, and technology innovations. Our curated news collection enables investors to track Ontrak's progress in integrating predictive analytics with personalized care delivery models.
Discover updates on key operational areas: clinical program expansions, payer partnership developments, and advancements in telehealth integration. All content is sourced directly from verified company communications to ensure accuracy and compliance.
Bookmark this page for streamlined access to Ontrak's evolving role in value-based care initiatives and behavioral health technology. Monitor how the company's data-driven approach continues to shape chronic disease management strategies across healthcare ecosystems.
Ontrak, Inc. (NASDAQ: OTRK, OTRKP) has declared a quarterly cash dividend of $0.593750 per share for its 9.50% Series A Cumulative Perpetual Preferred Stock. This dividend will be payable on February 28, 2021 to shareholders on record as of February 15, 2021. Ontrak's innovative PRE™ platform enhances chronic disease management through predictive analytics and effective care pathways, aiming to improve member health and reduce healthcare costs by over 50% for enrolled members.
Ontrak, Inc. (NASDAQ: OTRK) has released a report addressing the growing behavioral health crisis among seniors, highlighting that 1 in 5 older adults face serious mental health disorders, with numbers projected to double by 2030. The report emphasizes the significant healthcare costs associated with undiagnosed behavioral health conditions, particularly among Medicare enrollees. Ontrak's AI-driven approach aims to identify at-risk seniors and connect them with care resources, potentially achieving cost reductions of 40-50% and improving health outcomes. The company plays a critical role in managing behavioral healthcare for those often difficult to engage.
Ontrak, Inc. (NASDAQ: OTRK, OTRKP) has successfully closed a public offering of 1,730,000 shares of its 9.50% Series A Cumulative Perpetual Preferred Stock at $24.75 per share, yielding gross proceeds of $42.8 million. After deducting fees, net proceeds are approximately $39.7 million. The company, holding over $100 million in cash, aims to enhance shareholder value and pursue growth initiatives. Recognized as one of the fastest-growing healthcare firms, Ontrak focuses on improving behavioral health through its innovative PRE™ platform.
Ontrak (NASDAQ: OTRK, OTRKP) announced the pricing of a public offering of 1,730,000 shares of its 9.50% Series A Cumulative Perpetual Preferred Stock at $24.75 per share, generating approximately $42.8 million in gross proceeds. After expenses, the net proceeds are expected to be around $39.7 million. The funds will partially support a dividend account for Series A Preferred Stock dividends through August 2022, with additional funding allocated for general corporate purposes, including working capital and technology investments.
Ontrak (NASDAQ: OTRK, OTRKP) has initiated an underwritten public offering of its Series A Cumulative Perpetual Preferred Stock, priced at $25.00 per share. Lead managers include B. Riley Securities and Ladenburg Thalmann. The company anticipates granting underwriters a 30-day option to acquire an additional 15% of the shares sold. Proceeds will fund a segregated dividend account for Series A dividends until August 2022 and support general corporate needs, including working capital and tech investments.
Ontrak, Inc. (NASDAQ: OTRK) announced the declaration of its first quarterly cash dividend for the 9.50% Series A Cumulative Perpetual Preferred Stock. This dividend amounts to $0.6333333 per share, payable on November 30, 2020, to shareholders of record by November 15, 2020. The Series A Preferred Stock, which has a liquidation preference of $25.00 per share, will benefit investors seeking income. Ontrak aims to enhance health outcomes through its AI-driven PRE™ platform, addressing chronic conditions with a focus on behavioral health.
Ontrak (NASDAQ: OTRK) announced a 3-year research agreement with the Veterans Health Administration to assess intensive care coaching for Veterans at high suicide risk post-psychiatric discharge. This initiative aims to leverage AI tools developed by Dr. Ronald Kessler of Harvard Medical School. The study will involve 850 patients across 6 selected VHA hospitals, addressing a critical public health issue, as suicide rates have risen significantly since the pandemic. Ontrak’s AI-driven platform focuses on improving behavioral health among Veterans, who have a suicide rate double that of non-Veterans.
Ontrak, Inc. (NASDAQ: OTRK) has announced the renewal of its contract with a leading health insurance provider in Texas for its Ontrak-C solution. Following a successful two-year pilot program, the contract has been expanded to include anxiety and depression treatment for Medicaid members. The company aims to improve healthcare delivery through its telehealth-enabled services, addressing rising anxiety levels among the Medicaid and Medicare population. Ontrak's programs reportedly save healthcare payers more than 50% for enrolled members while providing integrated clinical and behavioral health services.
Ontrak, Inc. (NASDAQ: OTRK) has acquired LifeDojo Inc., a science-backed behavior change platform. This strategic move is aimed at enhancing Ontrak's capabilities in telehealth and AI-powered healthcare services. LifeDojo's platform focuses on member-centric behavioral health solutions, benefiting clients in over 16 countries. The acquisition is expected to significantly increase Ontrak's addressable market by up to 100%, providing enhanced digital tools and remote monitoring capabilities, thus addressing a growing demand for comprehensive behavioral health services.
Ontrak, Inc. (NASDAQ: OTRK) announced it will release its third quarter 2020 financial results on November 5, 2020, after market close. A conference call will follow at 1:30 PM PT/4:30 PM ET. Ontrak leverages its AI-powered PRE™ platform for engaging chronic disease patients to improve health outcomes and reduce healthcare costs. The company operates across 30 states and D.C., offering solutions that save healthcare payers over 50% for enrolled members. For more details, visit www.ontrak-inc.com.
