Trade Oscar Health, Inc. - OSCR CFD

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Oscar Health (OSCR) is a technology-led health insurance provider based in the US. The company combines its technology platform with a personalised, consumer-focused approach to healthcare services. 

Oscar Health’s mobile app and website allow users to sign up for and manage their health insurance, doctor appointments, prescriptions and other care options online, and a dedicated care team provides tailored guidance. The firm sells health insurance plans with tiered premiums, allowing customers to select the plan that most suits their needs.

Oscar Health Insurance Co. (OSCR) stock was listed publicly in March 2021, with the company’s shares now trading on the New York Stock Exchange (NYSE).

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One of the companies leading the charge in rolling out telemedicine services in the US, Oscar Health was founded in 2012 by Joshua Kushner (the brother of Jared Kushner, former US president Donald Trump’s son-in-law), Mario Schlosser and Kevin Nazemi, who is no longer with the business. The firm changed its name from Mulberry Health in January 2021.

Since 2017, the company has grown from 15,000 members in one state to 529,000 members in 18 states, and it plans to expand into new areas to tap into the growing US healthcare industry.

The healthcare landscape in the US is complex and undergoing a transition to incorporate digital experiences and customer engagement. Although there are opportunities for growth as healthcare spending continues to increase, the industry is highly competitive. Oscar Health made a loss of $406.8m in 2020, up from $259.4m in 2019, while its revenues fell to $462.8m from $488.2m.

With Capital.com’s comprehensive OSCR stock chart, you can view the company’s current share price and track the performance of the stock since its listing.

Oscar Health held its initial public offering (IPO) on March 3, 2021. Ahead of the listing, the company increased the number of shares on offer as well as their price, reflecting strong interest among investors in telemedicine IPOs. In the offering, the business sold 37 million shares at $39 each, raising nearly $1.44bn. The stock started trading at $36 per share and closed its first day on the NYSE at $34.80 per share.

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