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      Signify Health, Inc. (SGFY) stock has surged in premarket – What’s happening? - Stocks Telegraph

      By Mahrukh Rehan

      Published on

      December 8, 2021

      12:33 PM UTC

      Last Updated on

      December 8, 2021

      12:51 PM UTC

      Signify Health, Inc. (SGFY) stock has surged in premarket – What’s happening? - Stocks Telegraph

      Signify Health, Inc. (SGFY) has seen an increase of 6.82% in premarket. However, the last trading session concluded at $15.25 with an incline of 5.68%.

      New Service Center by SGFY – All about it

      SGFY announced on 1st December 2021 its intentions to establish a new service center in Oklahoma City. Oklahoma City joins Dallas, New York City, and Rapid City, South Dakota as the main center for on-site and remote Signify Health professionals. More than 200 job vacancies are expected to be created in the broader Oklahoma City area. And the company is currently recruiting for 50 positions that will begin in early February.

      Now what?

      The millions of individuals have the luxury of serving each year desire to do more in as well as around their homes to maintain their health, and those who join will be vital to making them accomplish that. Moreover, it became evident after speaking with municipal and state authorities that Oklahoma City is home to people who not only have the ideal mix of capabilities for Signify Health but also have an interest in working at purpose-driven firms.

      Third Quarter 2021 Results by SGFY – What’s the update?

      SGFY announced third quarter 2021 results on 10th November 2021. Total sales for the third quarter of 2021 climbed by 29% to $199.2 million, compared to $154.7 million a year earlier. The strength in Home & Community Services propelled overall growth in the third quarter of 2021. Moreover, HCS revenue increased by 47 percent to $169.1 million in the third quarter of 2021, compared to $362 thousand in the third quarter of 2020.

      So what?

      The physicians, in collaboration with the coordinators, proactively meet with an increasing number of people throughout the country. This will connect and foster engagement with the wider healthcare system. This helps people to live more healthy, happy days at home. Furthermore,  SGFY generated solid financial results in the third quarter and for the nine months ended September 30, 2021, as increased customer demand for our in-home inspections fueled strong Home & Community Services revenues in the third quarter and is likely to continue into 2022.

      The company continues to save money for the clients and provide excellent care to individuals. In the episodes business, the company is on target to deliver a $6 billion program size exit run rate in 2021. This will ensure a high BPCI-A program size in 2022. Lastly, SGFY is continuing to build Networks of Distinction. This will help support the potential development of non-BPCI-A episodes of the care business.

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