CORVEL CORP

CorVel Corporation announced the launch of CorVel Marketwise Repricing", a new market-based medical bill repricing solution. This solution is designed to enhance cost containment by integrating market-based reimbursement methods into CorVel's existing bill review workflow, aiming to capture additional savings that traditional methods may miss. It provides more consistent, supportable pricing outcomes, particularly for out-of-network bills and in states with limited fee schedules, without adding administrative burden.

CorVel Corporation announced it will celebrate its 35th anniversary as a publicly traded company on the Nasdaq Stock Market. The company's executive leadership team, including Chairman, President, and CEO Michael Combs, will commemorate the milestone by ringing the Nasdaq opening bell in New York City on June 9, 2026. CorVel highlighted its 35 years of consistent execution, strong market performance, and a strategy focused on technology investment, operational discipline, and its people, which has led to a strong financial profile and sustained confidence among stakeholders.

CorVel announced that Sarah Scott will be appointed CEO and President, effective July 1, 2026. She succeeds Michael G. Combs, who will transition to the role of Executive Chair. Mr. Combs, who has led the company as President since 2017 and CEO since 2019, will advise Ms. Scott during the leadership transition and continue to advance the company's strategic priorities. Ms. Scott has served CorVel for over 26 years, most recently as Executive Vice President, Product and Corporate Services, and her appointment is seen as a reflection of the company's strong leadership and succession planning.

CorVel Corporation announced significant share repurchase activity for fiscal year 2026, spending $56.2 million to buy back 782,744 shares of its common stock. This continues a long-standing program, with total repurchases reaching approximately $888 million since fiscal 1997. Additionally, the company appointed Mr. Brian S. Nichols as its new Chief Financial Officer, effective September 10, 2025. CorVel also highlighted its extensive PPO network and diverse workforce.

CorVel Corporation announced strong financial results for the fiscal year and fourth quarter ended March 31, 2026. Fiscal year revenues increased 7% to $959 million, with diluted EPS rising 17% to $2.14. For the fourth quarter, revenues grew 7% to $249 million, and diluted EPS increased 20% to $0.61. The company also repurchased $20.1 million of common stock during the quarter and ended with $233 million in cash and no debt, while its CERIS and P&C services divisions showed significant operational advancements and strong demand.

CorVel Corporation announced strong financial results for the fiscal year and fourth quarter ended March 31, 2026. Fiscal year revenues increased 7% to $959 million, with diluted earnings per share rising 17% to $2.14. For the fourth quarter, revenues grew 7% to $249 million, and diluted EPS increased 20% to $0.61. The company also reported $233 million in cash, repurchased $20.1 million of common stock, and highlighted growth in its CERIS health division and advancements in P&C services through technology and AI.

CorVel Corporation announced it will host a live webcast on Wednesday, May 20, 2026, at 11:30 AM ET to discuss its upcoming quarterly and fiscal earnings results. The webcast will feature discussions on financial performance, strategic initiatives, and outlook, led by President and CEO Michael Combs and CFO Brian Nichols. The event will also include a Q&A session, and a replay will be available afterward.

CorVel Corporation launched CorVel Connected , a new unified technology brand embedding AI-powered innovation into its CareMC claims management platform. This platform aims to enhance efficiency by organizing, prioritizing, and summarizing relevant data in real-time, enabling claims professionals to make faster, more informed decisions. It includes features like AI-powered claims summarization, natural-language Q&A, and a Generative AI Document Viewer, designed to augment human expertise and improve consistency across claims.