Social Capital Hedosophia completed the merger with Clover Health in a $3.7bn deal.

Social Capital Hedosophia Holdings III, a special purpose acquisition company managed by Social Capital Hedosophia, completed the merger with Clover Health, an American healthcare company, in a $3.7bn deal. “Today marks an important milestone in Clover Health’s mission to improve every life by enabling improved clinical decision making and achieving affordability in healthcare in the US. As a public company, we will continue to pioneer a fundamentally different approach in the Medicare Advantage and Medicare space – investing in technology and partnering closely with physicians to help them make critical decisions for their patients at the point of care – with an overarching commitment to creating value for all stakeholders,” Vivek Garipalli, Clover Health CEO and Co-Founder.