‘Clover Health stock up on the market’ – The Telegraph
- by admin
A health company is on the move after announcing its stock is on track to be one of the best performers in the industry.
CloverHealth, which provides a range of medical devices, was ranked among the top five companies in Australia last year and has been a leader in the field of medical technology for years.
“We are on track for a strong finish in the fourth quarter of the year and we are already in the top 10 companies in the sector and we look forward to a strong return to the top,” said Clare O’Connor, Clover Health’s chief executive.
She said the company was investing heavily in new technology, as well as improving its medical operations and research infrastructure.
“Clover’s healthcare workforce has grown significantly over the last few years and we expect to grow even more over the next few years,” Ms O’Leary said.
“With the support of our corporate and community, we have also continued to invest in new and innovative technology, and are confident we can deliver great results.”
Ms O’Brien said the latest financial results showed CloverHealth was “on track to exceed its expectations in the coming quarter”.
“The health sector has a long history of strong performance and we know that the right products and processes will continue to be key to our success,” she said.’
Strong momentum’The firm’s stock has jumped by more than 40 per cent since its announcement last week.
“The healthcare sector is experiencing strong momentum,” she added.
Clare O’Hara, CloverHealth’s chief medical officer, said CloverHealth had been in the market for a few years, but it was a “really strong year for the sector”.
“We’re in a strong position as a marketer, as a company, as an organisation, we know how to get things done, we’re really comfortable with our products, we are confident in our capabilities and our team,” she told ABC News Breakfast.
Ms O”Connor said the business was already looking to build on its recent success and add to the growth momentum it had built over the past year.
“Our target is to deliver a solid performance in the next two to three quarters,” she continued.
“It’s not a question of whether we can achieve the results, we just need to make sure we can manage them.”
And as we do that, I think that will drive us on a really strong and successful trajectory going forward.
“Clover has already added a range-topping range of devices to its range, including an eye monitor and an eye-tracking device, which it is selling under the brand name of VisionSense.
Clove Health has also announced plans to increase the number of doctors and nurses it employs in its Sydney office, as it plans to open another office in the state’s south-east.”
There is a strong momentum in the healthcare sector, and we see this as a real opportunity to be able to provide services to the broader community in Australia,” Ms Tull said.
ClaveHealth is also the largest provider of health software and medical devices to the Australian Health Insurance Commission, according to figures it released on Tuesday.
Topics:health,health-policy,health,government-and-politics,healthcare-facilities,healthCare,medical-research,clovers-creek-4016,sydney-2000,australiaMore stories from New South Wales
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