Clover - The best at killing our nations health
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πŸ‘€︎ u/marcydoodelbot
πŸ“…︎ Dec 08 2020
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Forcing IPOC to abandon clover health merger?

This dumpsterfire is trading at $9.97 now.

If we all vote against the merger will this force IPOC to find a new acquisition target?

I think chamath can do better...

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πŸ‘€︎ u/toastednz
πŸ“…︎ Nov 13 2020
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Clover Health Care reports 6 deaths connected to COVID-19 outbreak sunjournal.com/2020/12/01…
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πŸ‘€︎ u/shallah
πŸ“…︎ Dec 02 2020
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IPOC Clover Health - dad felonβ€” sell sell fast

Did some digging. CEO’s dad convicted of healthcare fraud felony by Chris Christie. Now state wants to investigate Clover CEO.
Felon dad https://www.justice.gov/archive/usao/nj/Press/files/pdffiles/2008/GaripalliInformation.pdf

New investigation https://medcitynews.com/2020/02/nj-legislators-call-for-probe-of-insurance-unicorn/

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πŸ“…︎ Oct 23 2020
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IPOC clover health CEO investigation. Chamath what did you get us into medcitynews.com/2020/02/n…
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πŸ‘€︎ u/syu425
πŸ“…︎ Oct 07 2020
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IPOC - Clover Health Is Near a $3.7 Billion Deal nytimes.com/2020/10/06/bu…
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πŸ‘€︎ u/genuisgeek
πŸ“…︎ Oct 06 2020
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IPOC in Talks with Clover Health bloomberg.com/amp/news/ar…
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πŸ‘€︎ u/rymor
πŸ“…︎ Oct 06 2020
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Clover Health In Talks to Go Public Via Social Capital III (IPOC Rumor) bloomberg.com/news/articl…
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πŸ‘€︎ u/edarem
πŸ“…︎ Oct 06 2020
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Chamath Palihapitiya to take Clover Health public in another SPAC deal worth $3.7 billion
  • Clover will go public via a merger with Social Capital Hedosophia Holdings Corp. III, a special purpose acquisition company.
  • The deal values Clover at $3.7 billion and includes up to $1.2 billion in cash proceeds$400 million of which will be provided through a Palihapitiya-led private investment in the public entity.
  • The move came just three weeks after Palihapitiya unveiled his $4.8 billion SPAC deal with real estate start-up Opendoor.

https://www.cnbc.com/2020/10/06/chamath-palihapitiya-to-take-clover-health-public-in-another-spac-deal-worth-3point7-billion.html

Chamath Palihapitiya has found his next SPAC target β€” Clover Health, a Medicare insurance start-up backed by Alphabet.

Clover will go public via a merger with Social Capital Hedosophia Holdings Corp. III, a special purpose acquisition company. The deal values Clover at $3.7 billion and includes up to $1.2 billion in cash proceeds, $400 million of which will be provided through a Palihapitiya-led private investment in the public entity.

β€œWhat we have is a business that’s actually delivering the promise of technology-improving, better outcomes and lower cost health care,” Palihapitiya said on CNBC’s β€œSquawk Box” on Tuesday. It’s β€œa market that I think is huge and growing quickly” and a business β€œthat is consistently taking share year over year over year.”

β€œThis is one of the most straightforward investments I’ve ever made,” Palihapitiya said. He added by 2023 the company will have overall profitability.

The move came just three weeks after Palihapitiya unveiled his $4.8 billion SPAC deal with real estate start-up Opendoor. The billionaire gained success with his first blank-check transaction that took space-tourism company Virgin Galactic public last year and has been particularly active in the SPAC world in 2020. Palihapitiya previously revealed he has reserved tickers from β€œIPOA” through β€œIPOZ” on the New York Stock Exchange.

Founded in 2013, Clover sells Medicare Advantage in the U.S. and currently has more than 57,000 members across seven states. The deal will provide β€œsignificant capital” for the company to β€œscale and improve health outcomes for seniors across the United States,” the company said in a statement on Tuesday.

A SPAC is formed to raise funds to finance a merger or acquisition typically within two years. The target firm will be taken pub

... keep reading on reddit ➑

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πŸ‘€︎ u/cannainform2
πŸ“…︎ Oct 06 2020
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Clover Health investor presentation cdn.cloverhealth.com/file…
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πŸ‘€︎ u/CielSchwab
πŸ“…︎ Oct 06 2020
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IPOC merger with Clover Health
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πŸ‘€︎ u/This_Square4240
πŸ“…︎ Oct 06 2020
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Social Capital Hedosophia Holdings Corp. III and Clover Health Investments Analyst Day Investor Presentation IPOC IPOC.WS sec.gov/Archives/edgar/da…
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πŸ“…︎ Nov 19 2020
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It's Official: Social Capital III / Clover Health Announce Merger businesswire.com/news/hom…
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πŸ‘€︎ u/ZeroLeverage
πŸ“…︎ Oct 06 2020
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What is special about Clover Health business? Clover S-1 & IPO ($IPOC) youtube.com/watch?v=NnVDo…
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πŸ‘€︎ u/giugiacaglia
πŸ“…︎ Oct 12 2020
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Clover Health is underrated imgur.com/gallery/21l9eMm
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πŸ‘€︎ u/niteowl98
πŸ“…︎ Oct 15 2020
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For those who own IPOC, that SPAC is merging with Clover Health.

https://www.businesswire.com/news/home/20201006005484/en/Clover-Health-a-Next-Generation-Medicare-Advantage-Insurer-Announces-Plans-to-Become-Publicly-traded-via-Merger-with-Social-Capital-Hedosophia

"Clover’s flagship platform, the Clover Assistant, aggregates millions of relevant health data points – including claims, medical charts and diagnostics, among others – and uses machine learning to synthesize that data with member-specific information. This provides physicians with actionable and personalized insights at the point of care, offering suggestions for medications and dosages as well as the need for tests or referrals, among others, to ultimately improve health outcomes.

The Clover Assistant enables a virtuous growth cycle, whereby improved health outcomes lead to superior economics that the Company shares with members through lower costs and rich benefits. In turn, the Company believes its best-in-class plans will continue to deliver market-leading growth, allowing the Clover Assistant to capture and synthesize more data and ultimately drive better care.

Medicare Advantage is one of the largest and fastest growing markets in the U.S. healthcare system – but it is one that has seen little innovation and remains ripe for disruption. Worth $270 billion today and with an estimated value of $590 billion by 2025, the Medicare Advantage market provides a tremendous opportunity for growth.

Today, Clover is the fastest growing Medicare Advantage insurer in the United States – among insurers with more than 50,000 members – and serves more than 57,000 members in 34 counties across 7 states. Spurred by favorable demographic tailwinds and its differentiated, technology-driven approach, Clover has captured an average of 50 percent of the net increase in membership across its established markets over the last three years. Further, the Company’s software-centric approach enables efficient expansion into new markets, including to historically underserved and rural communities. The Company plans to expand into an additional 74 counties and eighth state next year and recently announced a new partnership with Walmart to make joint Clover-Walmart plans available to half a million Medicare-eligibles in eight Georgia counties."

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πŸ‘€︎ u/dvdmovie1
πŸ“…︎ Oct 06 2020
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Deck Review with Clover Health axialdeck.substack.com/p/…
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πŸ“…︎ Nov 09 2020
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[Hiring] Healthcare Data Engineer at Clover Health - Remote (US) techjobsforgood.com/jobs/…
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πŸ‘€︎ u/techjobsforgood
πŸ“…︎ Nov 04 2020
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What is special about Clover Health business? Clover S-1 & IPO ($IPOC)

Clover Health offers healthcare for Medicare Advantage users. Clover Health is on a market that outperformed S&P500 and tech giants like Facebook and Google.

Clover is the fastest growing Medicare Advantage plan in the US, growing at a 37% CAGR. It is growing as fast as it does because it offers cheaper premiums. And it does that by offering a software assistant to doctors, that give advice on next steps to take. With that, Clover Health reduces the number of patients visits by 23% and reduce costs by 22%.

Clover Health is playing in a huge market and is one of the best in the market. For a more in-depth analysis see this.

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πŸ‘€︎ u/giugiacaglia
πŸ“…︎ Oct 12 2020
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Clover Health Seals Reverse Listing thetechie.de/2020/10/clov…
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πŸ‘€︎ u/The-Techie
πŸ“…︎ Oct 06 2020
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Chamath Palihapitiya on why he's taking Clover Health public through Ipoc youtu.be/jEihnqebVFQ
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πŸ‘€︎ u/niteowl98
πŸ“…︎ Oct 06 2020
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Chamath Phalihapitiya Social Capital CEO, Virgin Galactic Chairman, On The Record and thoughts on Tesla and Bitcoin Chamath Phalihapitiya and Vivek Garipalli Clover Health CEO SPAC Clover Health, Simple, Obvious Healthcare plans for Consumers youtube.com/watch?v=J_xYf…
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πŸ“…︎ Oct 06 2020
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Clover Health Seals Reverse Listing thetechie.de/2020/10/clov…
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πŸ‘€︎ u/The-Techie
πŸ“…︎ Oct 06 2020
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Principal Salesforce Engineer - Clover Health sforcejobs.com/job/1202/?…
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πŸ“…︎ Sep 24 2020
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