Bright Health Nears Sale of its California Medicare Advantage Business
- Received all required regulatory approvals on the sale of the California Medicare Advantage business; the transaction is expected to close on or about January 1, 2024
- Amended Company’s secured credit facility to reduce the final repayment resulting in approximately $30 million in savings
- Meaningfully improves capital position to support continuing business, NeueHealth, a value-driven consumer care delivery and provider enablement business
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