Bright Health Group
Bright Health was founded in 2015 to transform healthcare. Our mission of Making Healthcare Right. Together. is built upon the belief that by connecting and aligning the best local resources in healthcare delivery with the financing of care, we can drive a superior consumer experience, reduce systemic waste, lower costs, and optimize clinical outcomes. We believe that for too long, U.S. healthcare, primarily designed to cater to employers and large institutions, has failed the consumer through unnecessary complexity, a lack of transparency, and rising costs. We are making healthcare simple, personal, and affordable.
At its core, Bright Health is a healthcare company. We are founded and led by industry veterans intimately familiar with the challenges that have plagued U.S. healthcare for decades.
Note: Bright Health Group reported a net loss of $265.71 million on revenues of $1.88 billion for the 12 months that ended on March 31, 2021, the prospectus shows.
(Note: Bright Health Group downsized its IPO at pricing on June 24, 2021, to 51.35 million shares – down from 60 million shares in the prospectus – at $18 – far below its $20-to-$23 range – to raise $924.3 million.)
|Industry:||HOSPITAL & MEDICAL SERVICE PLANS|
|Address||8000 Norman Center Drive, Suite 1200, Minneapolis, MN 55437, US|
|Phone Number||(612) 238-1321|
|View Prospectus:||Bright Health Group|
|Revenues||$1883.3 mil (last 12 months)|
|Net Income||$-265.7 mil (last 12 months)|
|Price range||$18.00 - $18.00|
|Est. $ Volume||$924.3 mil|
|Manager / Joint Managers||J.P. Morgan/ Goldman Sachs/ Morgan Stanley/ Barclays|
|CO-Managers||BofA Securities/ Citigroup/ Piper Sandler/ Nomura/ RBC Capital Markets|
|Expected To Trade:||6/24/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|