AGL - agilon gains after boosting Medicare membership outlook

• agilon health ( NYSE: AGL ) added ~13% on Monday after the healthcare service provider for seniors increased its preliminary Medicare Advantage outlook to more than ~400K members in 2023, up from the ~390K in the previous guidance.
• In a regulatory filing issued ahead of its presentation at the ongoing J.P. Morgan Healthcare Conference, the Austin, Texas-based company also reiterated its adjusted EBITDA guidance for 2022 to $2M – $7M and provided $75M – $90M as the early adj. EBITDA guidance for 2023.
• During its Q3 2022 earnings call in November, Agilon ( AGL ) targeted a national network of 2.2K primary care physicians and 500K senior patients spanning 12 states.
• Commenting on the company’s Q3 results, Seeking Alpha contributor Zach Bristow noted last month: “Despite a fairly mixed quarter, there were a number of positives to mention.”

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