Category: GOCO

GOCO – GoHealth Confirms Receipt of Unsolicited Acquisition Proposal From Centerbridge Partners and NVX Holdings

CHICAGO, May 19, 2023 /PRNewswire/ — GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, as noted in a recent 13D filing, has received a proposal from its two largest shareholders to acquire all of the outstanding Class A Common Stock and LLC Interests that these shareholders do not already own. Independent members of GoHealth’s Board will review the proposal in due course. The Company remains committed to serving Medicare Advantage beneficiaries, working with health plans, and generating value for all stakeholders.

About GoHealth, Inc.

GoHealth is a leading health insurance marketplace and Medicare-focused digital health company. Enrolling in a health insurance plan can be confusing for customers, and the seemingly small differences between plans can lead to significant out-of-pocket costs or lack of access to critical medicines and even providers. GoHealth combines cutting-edge technology, data science and deep industry expertise to match customers with the healthcare policy and carrier that is right for them. Since its inception, GoHealth has enrolled millions of people in Medicare plans and individual and family plans. For more information, visit https://www.gohealth.com.

Investor Relations
John Shave
[email protected]

Media Relations
[email protected]

SOURCE GoHealth, Inc.

GOCO – GoHealth, Inc. (GOCO) Q4 2022 Earnings Call Transcript

GoHealth, Inc. (NASDAQ:GOCO) Q4 2022 Earnings Conference Call March 16, 2023 5:00 PM ET

Company Participants

John Shave – VP, IR

Vijay Kotte – Chief Executive Officer

Jason Schulz – Chief Financial Officer

Conference Call Participants

Michael Cherny – Bank of America

Jonathan Yong – Credit Suisse

Ben Hendrix – RBC Capital Markets

Adam Klauber – William Blair

Operator

Good afternoon, and welcome to the GoHealth Fourth Quarter and Full Year 2022 Earnings Conference Call. My name is Lisa, and I will be your operator for today’s call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to John Shave, Vice President of Investor Relations. John, you may begin.

John Shave

Thank you, and good afternoon, everyone. Thanks for joining GoHealth’s Fourth Quarter and Full Year 2022 Earnings Call. Joining me today are Vijay Kotte, Chief Executive Officer; and Jason Schulz, Chief Financial Officer.

This afternoon’s conference call contains forward-looking statements based on our current expectations. Numerous risks and uncertainties may cause actual results to differ materially from those anticipated or projected in these statements. Many of the factors that will determine future results are beyond the company’s ability to control or predict.

You should not place undue reliance on any forward-looking statements, and the company undertakes no obligation to update or revise any of these statements, whether due to new information, future events or otherwise. After the market closed today, we issued a press release containing our results for the fourth quarter and full year of 2022.

We have posted the release on the GoHealth website under the Investor Relations tab. In the press release, we have listed a number of risk factors that you should consider in conjunction with our forward-looking statements. We encourage you to consider the other risk factors

GOCO – GoHealth Makes Crain's Chicago Business List of 50 Fastest-Growing Companies in Chicago

CHICAGO, June 14, 2021 /PRNewswire/ — GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, was named to the Crain’s Chicago Business 2021 Fast 50 Feature, which highlights the 50 fastest-growing companies in the Chicago area. The companies featured were ranked by percentage revenue growth from 2015 through 2020. GoHealth is ranked No. 18 on the list.

Fast 50 honorees are visionary companies that have demonstrated strong revenue growth over a five-year period, making them leaders in their respective areas. “This is a great distinction for GoHealth. Our financial growth is attributed to our team and our ongoing commitment to deliver the best customer experience,” said Clint Jones, co-founder and Chief Executive Officer at GoHealth.

In 2020, GoHealth entered the Phoenix, Ariz., Tampa, Fla., Dallas, Texas and Columbus, Ohio markets— continuing its national expansion while managing a major health public crisis due to COVID-19. Most recently, GoHealth expanded its virtual sales centers to new locations, recruiting and hiring sales teams in Nashville, Tenn., Atlanta, Ga., and St. Louis, Mo. This unprecedented growth is the result of an exceptional team who is truly committed to supporting GoHealth’s mission of improving access to healthcare in America.

To be eligible for inclusion, companies must have generated at least $15 million in revenue in 2020 and be headquartered in Cook, Kane, DuPage, Lake (Illinois), Lake (Indiana), Will or McHenry county.

About GoHealth, Inc.:
As a leading health insurance marketplace and Medicare-focused digital health company, GoHealth’s mission is to improve access to healthcare in America. Enrolling in a health insurance plan can be confusing for customers, and the seemingly small differences between plans can lead to significant out-of-pocket costs or lack of access to critical medicines and even providers. GoHealth combines cutting-edge technology, data science and deep industry expertise to match customers with the healthcare policy and carrier that is right for them. Since its inception, GoHealth has enrolled millions of people in Medicare and individual and family plans. For more information, visit https://www.gohealth.com.

Contacts:
Investor Relations, [email protected]
Media Relations, [email protected]

SOURCE GoHealth, Inc.

Related Links

https://www.gohealth.com

GOCO – GoHealth's First Quarter 2021 Earnings Release and Conference Call Scheduled for May 12, 2021

CHICAGO, April 28, 2021 /PRNewswire/ — GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, announced that the company will release its financial results for the first quarter of fiscal year 2021 on May 12, 2021 after 4:00 p.m. (ET), followed by a conference call/live audio webcast to discuss the results at 5:00 p.m. (ET)

A live audio webcast of the conference call will be available via GoHealth’s Investor Relations website, https://investors.gohealth.com/. A digital audio recording of the conference call will be made available following the conference call. Interested parties are also invited to join the conference call by dialing 833-519-1310 and conference ID 9944456. The company suggests that participants dial-in approximately ten minutes in advance of the 5:00 p.m. (ET) start time.

About GoHealth, Inc.:
As a leading health insurance marketplace and Medicare-focused digital health company, GoHealth’s mission is to improve access to healthcare in America. Enrolling in a health insurance plan can be confusing for customers, and the seemingly small differences between plans can lead to significant out-of-pocket costs or lack of access to critical medicines and even providers. GoHealth combines cutting-edge technology, data science and deep industry expertise to match customers with the healthcare policy and carrier that is right for them. Since its inception, GoHealth has enrolled millions of people in Medicare and individual and family plans. For more information, visit https://www.gohealth.com.

Contacts:
Investor Relations, [email protected]
Media Relations, [email protected]

SOURCE GoHealth, Inc.

Related Links

https://www.gohealth.com

GOCO – DEADLINE FOR GOCO INVESTORS: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against GoHealth Inc.

New York, New York–(Newsfile Corp. – November 15, 2020) –  Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired GoHealth Inc. (“GoHealth” or the “Company”) (NASDAQ: GOCO) Class A common stock pursuant and/or traceable to the registration statement issued in connection with GoHealth’s July 2020 initial public offering (the “IPO”). The lawsuit filed in the United States District Court for the Northern District of Illinois alleges violations of the Securities Act of 1933.

If you purchased GoHealth Class A common stock, and/or would like to discuss your legal rights and options please visit GOCO Shareholder Lawsuit or contact Joseph R. Seidman, Jr. toll free at (877) 779-1414 or Seidman@bernlieb.com.

The registration statement for the IPO was negligently prepared and, as a result, contained untrue statements of material fact, omitted material facts necessary to make the statements contained therein not misleading, and failed to make necessary disclosures required under the rules and regulations governing its preparation. Specifically the registration statement failed to disclose that at the time of the IPO: (i) the Medicare insurance industry was undergoing a period of elevated churn, which had begun in the first half of 2020; (ii) GoHealth suffered from a higher risk of customer churn as a result of its unique business model and limited carrier base; (iii) GoHealth suffered from degradations in customer persistency and retention as a result of elevated industry churn, vulnerabilities that arose from the Company’s concentrated carrier business model, and GoHealth’s efforts to expand into new geographies, develop new carrier partnerships and worsening product mix; (iv) GoHealth had entered into materially less favorable revenue sharing arrangements with its external sales agents; and (v) these adverse financial and operational trends were internally projected by GoHealth to continue and worsen following the IPO.

Shortly after the IPO, the price of GoHealth Class A common stock suffered significant price declines and by September 15, 2020, GoHealth Class A common stock closed at just $12.35 per share – over 40% below the $21 per share price investors paid for the stock in the IPO less than two months previously.

If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased GoHealth Class A Common Stock, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/gohealthinc-goco-shareholder-class-action-lawsuit-stock-fraud-310/apply/ or contact Joseph R. Seidman, Jr. toll free at (877) 779-1414 or Seidman@bernlieb.com.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
Seidman@bernlieb.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67699

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GOCO – GOCO SHAREHOLDER DEADLINE: Hagens Berman, National Trial Attorneys, Alerts GoHealth (GOCO) Investors to November 20th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact the Firm

San Francisco, California–(Newsfile Corp. – November 14, 2020) – Hagens Berman urges GoHealth, Inc. (NASDAQ: GOCO) investors to contact the firm now. A securities class action related to GoHealth’s initial public offering has been filed and GOCO investors may have sufficient losses to move for lead plaintiff.

Class Period: July 12, 2020 – Sept. 21, 2020
Lead Plaintiff Deadline: Nov. 20, 2020
Visit: www.hbsslaw.com/investor-fraud/GOCO
Contact An Attorney Now: GOCO@hbsslaw.com
844-916-0895

GoHealth (GOCO) Securities Class Action:

The complaint alleges that GoHealth’s IPO offering documents contained materially false and misleading statements and omissions. Specifically, the offering documents allegedly misrepresented or failed to disclose that: (1) the Medicare insurance industry was undergoing a period of elevated customer churn that began in the first half of 2020; (2) GoHealth’s unique business model and its limited carrier base exposed the company to a higher risk of churn; (3) GoHealth suffered from degradations in customer retention as a result of elevated churn; (4) GoHealth had already entered into materially less favorable revenue sharing arrangements with its external sales agents; and, (5) GoHealth internally projected these adverse trends would continue and worsen after its IPO.

The IPO offering documents allowed GoHealth to go public, issuing 43.5 million shares to investors at $21 per share for total proceeds of about $913.5 million.

However, since the IPO, GoHealth has reported disappointing financial performance resulting from the material facts omitted in the IPO offering documents and its common stock has suffered significant price declines. By Sept. 15, 2020, GoHealth Class A common stock closed at just $12.53 per share, or over 40% below the $21 per share price investors paid for the stock in the IPO less than two months previously.

“We’re focused on investors’ losses and proving GoHealth’s IPO offering documents misrepresented or omitted churn data when going public,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a GoHealth investor or may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding GoHealth should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email GOCO@hbsslaw.com.

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About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/68215

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