Oscar Health posts record gain after former Aetna head named new CEO

Oscar Health

28/03/2023 15:39

(Updates)
    ** Shares of health insurer Oscar Health  OSCR.N  soar 61.5%
to $5.8 - record intraday pct gain
        ** Amongst the biggest gainer across U.S. stock
exchanges 
  
    ** OSCR says Mark Bertolini, former chief of health
insurance giant Aetna Inc, will be its CEO from next month
    ** Bertolini sold Aetna to CVS  CVS.N  in 2018 for nearly
$70 billion
    ** Alphabet-backed  GOOGL.O  Oscar Health is striving to
become a profitable insurance business
    ** OSCR stock up ~137% YTD
    

 (Reporting by Tiyashi Datta and Khushi Mandowara in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))