Oscar Health announces termination of services agreement with Health First effective Jan 1, 2023

Oscar Health, Inc.

Health First intends to terminate agreement with Oscar Health's +Oscar business, effective as early as Jan 1, 2023.
Services expected to continue through at least Dec 31, 2022; 2022 admin services revenue estimated at $55-60M.
Impact on 2022 Adjusted EBITDA and net loss expected to be immaterial.
Company continues developing +Oscar's Campaign Builder and focusing on modular SaaS offerings.

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