Alignment healthcare reports $57M loss in Q1

Medicare Advantage provider Alignment Healthcare reported a $56.9 million loss in its first quarter as a publicly traded company, compared to a loss of $10 million during the same period last year, according to Forbes.

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Membership enrollment in the company, which operates in California, North Carolina and Nevada, increased 32 percent from last year, according to the May 17 report. Total company revenue was $267.1 million, a 19 percent increase from last year. 

Alignment CEO John Kao told Forbes on May 17 that its first-quarter results were ahead of expectations.  

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