Investing.com -- Shares of Alignment Healthcare rose by 13% following the announcement of a 35% year-on-year increase in health plan membership.
As of January 1, the Medicare Advantage company reported that membership had grown to approximately 209,900.
Looking ahead, Alignment Healthcare projects that its health plan membership will reach between 225,000 and 231,000 by December 31, 2025. This forecast aligns with the company's ongoing growth strategy.
In addition to the membership growth announcement, the company also reaffirmed its full-year guidance ranges for 2024, which were initially provided on October 29.
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