Alignment Healthcare reported strong second-quarter results, exceeding expectations in membership, revenue, adjusted gross profit, and adjusted EBITDA, leading to an increased full-year outlook for 2021. The company made progress on its growth strategy by entering new states, expanding to contiguous markets, and developing new customer-focused plans, positioning it well for 2022.
Results in the second quarter exceeded expectations across the board including membership, revenue, adjusted gross profit and adjusted EBITDA.
Outlook for the full year of 2021 was raised.
Notable progress was made on growth strategy by entering new states, expanding to contiguous markets, and developing new, innovative customer-focused plans.
Provider network was expanded to support growth in new markets by signing several partnerships with high-quality providers.
The release contains forward-looking statements regarding future growth and financial outlook for the third quarter ended September 30, 2021 and year ended December 31, 2021.