Alignment Healthcare CEO John Kao adds chairman role amid Medicare Advantage growth and profitability.

Alignment Healthcare CEO and founder John Kao has taken on the additional role of chairman as the company strengthens its management team during a period of growth in its Medicare Advantage business. The company recently reported profitability and a lower medical benefit ratio of 88%, outperforming rivals who face rising medical costs. Alignment is also expanding its leadership with new appointments, including a vice chairman and executives with extensive healthcare experience. The company’s market value is growing, and it will soon join the S&P SmallCap 600 index, signaling confidence in its future performance.