Bright Health Group

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General Information
Business:
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
Employees: 2054
Founded: 2015
Contact Information
Address 8000 Norman Center Drive, Suite 1200, Minneapolis, MN 55437, US
Phone Number (612) 238-1321
Web Address http://brighthealthgroup.com
View Prospectus: Bright Health Group
Financial Information
Market Cap $13416.4mil
Revenues $1883.3 mil (last 12 months)
Net Income $-265.7 mil (last 12 months)
IPO Profile
Symbol BHG
Exchange NYSE
Shares (millions): 51.4
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
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change