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Bright Health Group Announces Closing Of $175 Million Capital Raise To Support Focused Business

Oct 18, 2022•over 2 years ago

Amount Raised

$175 Million

BloomingtonMobileHealth Care

Description

Bright Health Group, Inc. ("Bright Health Group" or the "Company") (NYSE: BHG), today announced the closing of its previously announced offering of Series B convertible perpetual preferred stock (“Series B Preferred”). A total of 175,000 shares of the Company’s Series B Preferred were sold. Aggregate proceeds to the Company from the offering were $175 million.

Company Information

Company

Bright Health Group

Location

Bloomington, Indiana, United States

About

Bright Health Group is the first technology-enabled, fully aligned system of care built for healthcare's consumer retail market. Our differentiated approach aligns care delivery with the financing of care to drive better outcomes, lower costs, and enhance the consumer experience. We have two market-facing businesses: NeueHealth and Bright HealthCare. NeueHealth provides care delivery and value-based enablement services through our 131 owned and affiliated clinics and broader Care Partner network. Bright HealthCare offers Commercial and Medicare health plan products to over 720,000 consumers across the nation. We believe everyone should have access to personal, affordable, and high-quality healthcare. Our mission is to Make healthcare right. Together. For more information, visit www.brighthealthgroup.com.

Funding Insights

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