Bright Health is always working to innovate healthcare systems and evolve as a company, and that sometimes lands us in the news. Stay connected to what we're doing across the country with press releases, news articles, and interviews.
Today, Bright Health, a diversified consumer-focused healthcare company, announced it has signed an agreement to acquire California-based Universal Care (d.b.a. Brand New Day) health plan. The transaction will combine Brand New Day's local expertise and specialized clinical programs with Bright Health's nationally recognized leadership, next-generation technology and intelligence platform, and innovative personalized approach to healthcare. The transaction is subject to regulatory approval and expected to close in 2020.
Today, Bright Health announced that Cathy R. Smith is joining the diversified consumer-focused healthcare company as its new chief financial officer. Bringing over 30 years of experience driving consumer-oriented growth, Smith will oversee Bright Health's financial reporting as well as the legal, human resources and accounting departments.
Bright Health, a diversified consumer-focused healthcare company, today announced the close of a $635M oversubscribed Series D funding round. The new funding will be used to support Bright Health's aggressive growth and hiring as the company continues to strategically expand across products, geographies and consumer bases.
Bright Health announced Tuesday that the startup health insurance company has raised another $635 million to support expansion efforts and build its technology platform. Since the company was launched in 2015, Minneapolis-based Bright Health has grown in markets where individuals buy coverage under the federal Affordable Care Act as well as by selling Medicare Advantage heath plans for seniors.
Startup insurer Bright Health, which is expanding next year into seven new states, has hired veteran Twin Cities executive Mike Mikan as vice chairman and president of the Minneapolis-based company.