Clover Health

A merger between a Chamath Palihapitiya-backed SPAC and a Medicare Advantage provider was approved by shareholders. What Happened: Shareholders of Social Capital Hedosophia Holdings Corp III (NYSE: IPOC) voted to approve a merger with Clover Health. The merger deal values Clover Health are $3.7...

One of Chamath Palihapitiya-backed SPACs merger vote date is Wednesday, Jan. 6. What Happened: Shareholders of Social Capital Hedosophia Holdings Corp III (NYSE: IPOC) will vote on the merger with Medicare Advantage provider Clover Health, valuing the company at $3.7 billion. What’s...

Chamath Palihapitiya-backed SPAC Social Capital Hedosophia Holdings Corp III (NYSE: IPOC) announced Tuesday that it is bringing Clover Health public at an enterprise valuation of $3.7 billion. Deal Terms: The deal includes $828 million from Social Capital Hedosophia Holdings Corp III...

Clover Health, a health insurance startup that provides Medicare Advantage plans to seniors in the state of New Jersey, has ambitious plans. According to a Wall Street Journal report, Clover Health is looking to raise $120 million in funding, which would value the company at more than $1 billion....