Clover Health

Clover Health is a direct-to-member Medicare Advantage carrier offering PPO and HMO plans to seniors across Georgia, New Jersey, Pennsylvania, South Carolina, and Texas. Founded in 2013 and headquartered in Franklin, Tennessee, the company went public in January 2021 through a SPAC merger with Social Capital Hedosophia and trades on NASDAQ under the ticker CLOV.

The company operates a proprietary clinical decision-support platform called Clover Assistant (rebranded externally as Counterpart Assistant), which aggregates patient data from over 100 sources and runs more than 100 machine learning models to deliver real-time, personalized care recommendations to physicians at the point of care. Since 2024-2025, this platform has been made available to external Medicare Advantage payors and providers through a hybrid SaaS and shared-savings model under the Counterpart Health brand. The platform includes generative AI capabilities that allow natural language queries in a HIPAA-compliant environment.

Clover Health reported full-year 2025 revenues of USD 1.924B (up 40% year-over-year) with 113,803 Medicare Advantage members (up 38% year-over-year), reaching Adjusted EBITDA profitability. As of early 2026, membership grew to approximately 153,000 (up 53% year-over-year), and the company is guiding to its first-ever full-year GAAP net income on projected revenues exceeding USD 2.8B. The company's PPO Medicare Advantage plans hold a 4-star CMS quality rating for 2025, effective for the 2026 payment year.