Equity Consortium Led by Nordic Capital and Including Insight Partners Completes Acquisition of Inovalon Partnership to Advance Inovalon’s Mission of Empowering Data-Driven Healthcare BOWIE, Md., Nov. 24, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced the completion of its acquisition by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital, and Inovalon founder and chief executive officer Keith Dunleavy, M.D. and certain Class B stockholders o...
Pharmacy Leaders and Technology Innovators Convene Virtually November 8-9, 2021 Industry Experts Highlight Strategies for Advancing Data Sharing and Improving Pharmaceutical Patient Care at Inovalon’s ScriptMed® Conference BOWIE, Md., Nov. 03, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, announced that its annual ScriptMed® Conference will take place virtually from November 8-9, 2021. This prestigious two-day event features the industry’s leading executives and thought leaders discussing the ways in which techno...
Inovalon to Host Virtual Client Congress October 18-19, 2021 Former CMS Administrator Seema Verma, Snowflake CEO Frank Slootman, and Aetna/CVS Chief Medical Officer Dr. Kyu Rhee to Deliver Keynotes on Data-Driven Healthcare BOWIE, Md., Oct. 13, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, announced that its annual Client Congress will take place virtually from October 18-19, 2021. Client Congress builds on a decade of bringing together the nation’s most influential voices to address the programs, perspectives, an...
CTSH has built an industry-leading asset-based consulting business over the past 15 years, seeing remarkably stable returns and steady investment in growth, through various economic cycles and potentially impactful regulatory changes. However, the market is expecting both their ability to drive growth and sustain and improve profitability to severely erode going forward, with UAFRS-based (Uniform) ROA falling by half and growth slowing too. While markets are overly pessimistic, management is al...
Inovalon Holdings, Inc. (INOV:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 37.0x Uniform P/E, implying somewhat bullish expectations for the firm. However, although management's concerns about revenue guidance, contract wins, and sales trend disruptions suggest potential short-term headwinds, market expectations are still too pessimistic, and longer-term equity outperformance remains warranted. Specifically, management may lack confidence in ...
Announcement: Moody's says Inovalon's ratings are unaffected by the go-private transaction at this time. Global Credit Research- 23 Aug 2021. New York, August 23, 2021-- Moody's Investors Service said that the recently announced go-private transaction by Inovalon Holdings, Inc. does not affect the existing B2 Corporate Family Rating or stable outlook.
Inovalon to Be Acquired by Equity Consortium Led by Nordic Capital Including Insight Partners for $7.3 Billion Stockholders to Receive $41.00 Per Share in Cash BOWIE, Md., Aug. 19, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that it has entered into a definitive agreement to be acquired by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital, and Inovalon founder and Chief Executive Officer Keith Dunleavy, M.D. and certain Class B stockhold...
Inovalon to Present at KeyBanc Technology Leadership Forum BOWIE, Md., Aug. 10, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that Keith Dunleavy, M.D., chief executive officer and chairman of the board of Inovalon, and Jonathan R. Boldt, chief financial officer of Inovalon, will present at the KeyBanc Technology Leadership Forum, which will be held virtually. The virtual presentation will take place in a fireside chat format today at 12:00 noon ET. Investors may access a live webcast on the Inve...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Inovalon Reports Second Quarter 2021 Results Second Quarter 2021 Highlights Q2 revenue of $190.4 million, up 17% YoY and 8% sequentiallyQ2 subscription-based platform revenue of $168.7 million, up 19% YoY and 7% sequentially, equating to 89% of Q2 total revenueQ2 net income of $9.6 million, resulting in diluted net income of $0.06 per shareQ2 Non-GAAP net income of $27.9 million, resulting in Non-GAAP net income of $0.19 per share, up 27% YoYQ2 Adjusted EBITDA of $64.1 million, up 13% YoY and 9% sequentially, resulting in adjusted EBITDA margin of 33.7%Q2 new sales Annual Contract Value (A...
Inovalon Announces Second Quarter 2021 Earnings Conference Call BOWIE, Md., July 14, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that it will hold a conference call for investors on Wednesday, July 28, 2021, at 5:00 p.m. Eastern Time. During the conference call, management will review highlights from the Company’s second quarter 2021 financial results, which will be announced via press release after the close of market trading. The conference call can be accessed by dialing (855) 783-2604, confer...
Inovalon Announces Appointment of Eron S. Kelly as Corporate President Seasoned Executive Focused on Global Cloud Business Growth at Amazon and Microsoft Joins Inovalon BOWIE, Md., June 28, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced the appointment of Eron S. Kelly as its Corporate President. Mr. Kelly brings more than 20 years of experience in global software and cloud-based technology growth as a seasoned executive leader at Amazon and Microsoft. As Inovalon’s Corporate President, Mr. Ke...
Walmart Extends Use of the Inovalon ONE® Platform Retailer Extends Relationship with Inovalon to 2028 BOWIE, Md., June 24, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced an expansion and extension of the long-term engagement with Walmart (NYSE: WMT) to provide cloud-based capabilities through the Inovalon ONE® Platform in its extensive network of pharmacies nationwide as part of its data-driven strategy to improve outcomes and economics for its customers. Under the agreement, Walmart will extend i...
Inovalon and Homecare Homebase Announce Multi-Year Exclusive Agreement Next-Generation, Cloud-Based Platform Empowers More Than 25% of Home Health Providers Nationwide with Greater Patient Data Accuracy and Administrative Efficiency Across All Payers BOWIE, Md., June 22, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, and Homecare HomebaseSM, LLC (HCHB), the leading agency management and EMR software platform for the home health and hospice industry, today announced that HCHB would exclusively offer the EASE® All-P...
CBRL is set up to not just survive the pandemic, but actually to thrive because of it, and the market isn't pricing this in. Before 2020, the company already had been steadily improving UAFRS-based (Uniform) ROA the past 10 years, thanks to its strong strategy to optimize its restaurant and store business. Now the company is rolling out new strategies, like introducing alcohol sales and off-premise dining offerings, that could turbocharge returns coming out of the pandemic. The market is not pri...
Inovalon Holdings, Inc. (INOV:USA) currently trades well above corporate averages relative to UAFRS-based (Uniform) earnings, with a 31.6x Uniform P/E, implying bullish expectations for the firm. However, although management's concerns about their growth, investments, and margins suggest potential short-term headwinds, market expectations are too pessimistic, and longer-term equity outperformance is warranted Specifically, management may lack confidence in their ability to sustain legacy busine...
A director at Inovalon Holdings Inc sold 19,259 shares at 32.080USD and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
Inovalon Receives Key Patent Award for On-Demand Real-Time Patient-Specific Data Aggregation and Analysis Significant IP Award Highlighting Inovalon’s Industry-Leading Technology BOWIE, Md., May 25, 2021 (GLOBE NEWSWIRE) -- (NASDAQ: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that it has been awarded a significant patent for its capability to aggregate healthcare data from across the healthcare ecosystem, apply requested analytics, and make the results available on demand in real time. U.S. Patent No. 11,011,256, for the “Sys...
Inovalon Hosts 2021 Virtual Investor Day Today BOWIE, Md., May 18, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, is hosting its Virtual Investor Day today at 10 a.m. ET. The Virtual Investor Day is expected to run approximately 2.5 hours. Executives from Inovalon will provide an overview and discussion of the Company’s vision, growth strategy, markets, cloud-based platform capabilities, and financial information. Inovalon will webcast the event on the Investor Relations section of its website at . A replay of the ...
Inovalon to Present at 49th Annual J.P. Morgan Technology, Media and Communications Conference BOWIE, Md., May 12, 2021 (GLOBE NEWSWIRE) -- (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that Keith Dunleavy, M.D., chief executive officer and chairman of the board of Inovalon, and Jonathan R. Boldt, chief financial officer of Inovalon, will present at the 49th Annual J.P. Morgan Technology, Media and Communications Conference, which will be held virtually. The virtual presentation will take place in a fireside chat format ...
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