Oscar Health names former Aetna head Mark Bertolini as CEO (updated)

Oscar Health

28/03/2023 12:37

(Adds background, shares)
       March 28 (Reuters) - Health insurer Oscar Health Inc
 OSCR.N  said on Tuesday that Mark Bertolini, former chief of
Aetna Inc, will take on the role of its CEO next month, sending
its shares up about 24% before the bell.
    Bertolini was previously the chief executive officer of
health insurance giant Aetna Inc, which is now a part of CVS
Health Corp  CVS.N .
    The announcement by Alphabet-backed  GOOGL.O  Oscar Health
comes as it focuses to become a profitable insurance business.
    Bertolini, who became Aetna's CEO in 2010, sold the health
insurance company to CVS Health Corp  CVS.N  in 2018 for nearly
$70 billion. 
    He will succeed Mario Schlosser, who co-founded Oscar in
2012 with Joshua Kushner, and will now take the new title of
president of technology and report to Bertolini.

 (Reporting by Sriparna Roy in Bengaluru; Editing by Shounak
Dasgupta)
 ((Sriparna.Roy@thomsonreuters.com))