Why Shares of Inovalon Are Soaring Today [The Motley Fool]
Inovalon Holdings, Inc. - Class A (INOV)
Last inovalon holdings, inc. - class a earnings: 4/29 04:10 pm
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Source: The Motley Fool
The cloud platform provider has signed a deal with UnitedHealthcare, putting it on the path to return to growth. Timothy Green ( TMFBargainBin ) Sep 12, 2017 at 12:58PM What happened Shares of cloud-based healthcare platform provider Inovalon ( NASDAQ:INOV ) jumped on Tuesday after the company announced that UnitedHealthcare, a business of UnitedHealth Group ( NYSE:UNH ) , had signed a five-year deal to use its ONE platform. Inovalon stock was up 20% at noon, while shares of UnitedHealth were down about 0.7%. So what UnitedHealthcare has entered a five-year engagement with Inovalon to implement the ONE platform. This deal is an expansion of the relationship between the two companies. Inovalon CEO Keith Dunleavy said this about the deal: As the trend toward quality and value-based care models increases, the sophistication of the technologie
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