Multinational digital health firm Babylon reported its third quarter revenue had grown to $288.9 million, a 3.9x year-over-year boost, thanks to an increase in its value-based care business primarily driven by growth in Medicare membership.
Babylon reported a loss of $89.9 million for the period, compared to a $66 million loss in Q3 2021. Adjusted earnings before interest, taxes, depreciation and...
Bright Health Group announced Tuesday that it won't offer individual and family health plans through its insurtech Bright HealthCare next year, and that it's cutting Medicare Advantage products outside of California and Florida.
The cutback will affect plans in Alabama, Arizona, Colorado, Florida, Georgia, Nebraska, North Carolina, Texas and Tennessee. The company had previously announced in...
Insurtech company Bright Health scored a hefty $750 million investment from Cigna Ventures, the venture capital arm of insurer Cigna, and longtime investor New Enterprise Associates.
The news comes about a month after the newly public company announced financial results from a "challenging" third quarter, where it posted a GAAP net loss of $296.7 million. But Bright reaffirmed its 2021 guidance...
Insurtech company Bright Health Group began trading today on the New York Stock Exchange in a downsized initial public offering of 51.35 million shares priced at $18 per share.
The company originally planned to sell 60 million shares for between $20 and $23 per share. Instead, Bright Health will raise about $924.3 million with the updated offering, or $1.035 billion if the underwriters exercise...
Minneapolis-based insurtech Bright Health Group is officially going public after announcing it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission.
Bright Health Group has yet to determine the number of shares and price range for its IPO, but according to its registration form, it is seeking to raise up to $100 million. This figure is likely a...
