Clarivate Plc - CLVT STOCK NEWS

Clarivate Plc to present at Goldman Sachs Communacopia + Technology Conference on September 7, 2023.

Clarivate Plc released findings from its bi-annual Managed Market Surveyor™ (MMS) health plan enrollment trend analysis. Medicaid enrollment increased by nearly 4 million beneficiaries in the six months leading up to January 2023, but a downward shift is anticipated for the rest of the year. Multiple U.S. regions are experiencing insurance exchange growth and disruption, driven by exits from insurers with substantial market share and entries into new geographies by national insurers. Commercial enrollment sector shows the strength of established national insurers. Cigna reported the largest commercial enrollment gain, while Oscar Health and Bright Health saw large enrollment declines. The individual insurance exchange market has seen growth of over 2 million enrollees, but also disruption with the exit of Bright Health and Friday Health Plans from multiple states. Medicaid enrollment grew significantly, with the largest increases in California, New York, Texas, and Illinois. Medicare enrollment increased 1 percent, with Medicare Advantage outpacing Medicare-fee-for-service.

Clarivate Plc (NYSE: CLVT) announces CEO and CFO presentation at Oppenheimer's 26th Annual Technology, Internet & Communications Conference on August 8, 2023. Live webcast available at https://wsw.com/webcast/oppenheimer30/clvt/2796615

Clarivate reported Q2 2023 financial results with revenues of $668.8 million, a decrease of 2.6% YoY. Net loss attributable to ordinary shares was $141.7 million, an increase of $185.4 million YoY. Adjusted EBITDA increased 3.8% to $284.9 million. The company revised its 2023 outlook due to lower sales in Life Sciences and Healthcare products and consulting services.

Clarivate Plc has released its Innovators to watch list, identifying 36 companies and organizations on the cusp of Top 100 Global Innovator status. Half of the list consists of new entrants, including well-established companies like Accenture, Nintendo, Henkel, and Mazda. The report highlights an influx of electronics companies from Japan, Mainland China, and Taiwan, with Taiwan expanding its presence. Japan remains the country with the largest representation, and the automotive sector sees continued expansion. The list is based on data from Derwent World Patents Index and Derwent Patent Citation Index.