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...
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...
