Bright Health Group

Bright Health Group, Inc. engages in the provision of healthcare products and services for consumers and care providers in local markets. It offers individual and family, and Medicare Advantage health plans. It operates through the Bright HealthCare and NeueHealth segments. The Bright HealthCare segment offers commercial and Medicare health plan products. The NeueHealth segment provides care delivery and value-based enablement services. The company was founded by Robert J. Sheehy, Tomas Valdivia, and Kyle Rolfing in 2015 and is headquartered in Minneapolis, MN.

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

Earnings data Q3 2024

Bright Health Group targets EBITDA profitability in 2023 amid challenges

Bright Health Group (BHG) aims for adjusted EBITDA profitability in 2023, focusing on value-driven care and consumer growth across segments.
Challenges from discontinued operations and the need for additional capital highlight the importance of financial management and operational efficiency.
Strong liquidity position and strategic actions to improve operating expenses position BHG for sustained growth and profitability in the healthcare insurance market.
Management's strategic planning and focus on comparable performance in 2023 demonstrate a commitment to financial stability and operational excellence.

Bright Health Group reports strong Q1 performance and strategic shifts

Bright Health Group's Q1 2023 performance reflects financial stability and growth potential in key segments.
Operational strengths in Consumer Care and prudent risk management position the company for sustainable success.
Challenges in transitioning Medicare Advantage business and achieving profitability require strategic focus.
Strategic opportunities in portfolio optimization and revenue growth pave the way for future success.

Bright Health Group posts strong Q2 earnings, eyes sustained growth

Bright Health Group's Q2 2023 earnings call highlighted robust financial results, strategic initiatives to drive growth, and a focus on long-term sustainability. The company's positive operating income, revenue growth, and adjusted EBITDA signify operational strength and progress towards profitability. While facing challenges in a competitive market, Bright Health Group is well-positioned to leverage opportunities in value-driven care and partnerships for future expansion.

Bright Health Group reports strong Q3 performance and strategic divestiture

Bright Health Group's Q3 2023 performance reflects resilience, strategic planning, and a commitment to quality healthcare services amidst industry challenges.
Despite facing headwinds like the wind down of ACA insurance business and external impacts, the company maintains a strong financial position and focuses on profitability.
Strategic divestitures, operational improvements, and a clear outlook for growth underscore Bright Health Group's potential for sustainable success in the healthcare sector.
With a focus on innovation, value-based care, and financial discipline, Bright Health Group navigates challenges to seize opportunities for future growth and market leadership.

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NeueHealth, Inc. engages in the provision of healthcare products and services for consumers and care providers in local markets. It offers individual and family, and Medicare Advantage health plans. It operates through the Bright HealthCare and NeueHealth segments. The Bright HealthCare segment offers commercial and Medicare health plan products. The NeueHealth segment provides care delivery and value-based enablement services. The company was founded by Robert J. Sheehy, Tomas Valdivia, and Kyle Rolfing in 2015 and is headquartered in Doral, FL.

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG) today announced that it has adopted NeueHealth as its corporate brand name. This reflects the Company's ongoing focus on its NeueHealth business, which will continue driving long-term sustainable growth of its value-driven, consumer-centric care model, thereby increasing access to high-quality healthcare for all populations across the ACA Marketplace, Medicare, and Medicaid. The Company's comm.

Bright Health Group Adopts NeueHealth as Corporate Brand Name

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company, today announced that it has successfully completed the sale of its California Medicare Advantage business, Brand New Day and Central Health Plan, to Molina Healthcare, Inc. (“Molina”). The sale closed, effective as of January 1, 2024. Concurrent with the closing of the sale, the Company also made the final repayment on its amended credi.

Bright Health Group Closes the Sale of its California Medicare Advantage Business to Molina Healthcare

Bright Health Group (BHG) Inc announced on Friday that it has received all necessary regulatory approvals to sell its California Medicare Advantage business to Molina Healthcare, with the acquisition expected to close in early January.   In June, Molina agreed to purchase BHG's California Medicare Advantage business for a total consideration of $600 million.

Bright Health Group receives approval for California Medicare sale; repays secured debt

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company, today announced that it entered into an amendment to its credit facility with J.P. Morgan that will reduce the final repayment amount by approximately $30 million to approximately $298 million. Upon payment of such amount, which is expected to be made concurrently with the closing of the sale of the Company's California Medicare Advanta.

Bright Health Group Strengthens Capital Position with Amendment to its Credit Facility, Impending Close of the Sale of its California Medicare Advantage Business

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Bright Health Group, Inc. (NYSE: BHG) on behalf of long-term stockholders following a class action complaint that was filed against Bright Health on January 6, 2022 with a Class Period from June 21, 2021 to March 1, 2022. Our investigation concerns whether the board of directors of Bright Health have breached their fiduciary duties to the com.

BRIGHT HEALTH ALERT: Bragar Eagel & Squire, P.C. is Investigating Bright Health Group, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Bright Health Group, Inc. (NYSE:BHG ) Q3 2023 Earnings Conference Call November 7, 2023 8:00 AM ET Company Participants Stephen Hagan - Investor Relations Director Mike Mikan - Vice Chairman, CEO & President Jay Matushak - CFO Conference Call Participants Operator Hello, all, and welcome to Bright Health Group's third quarter 2023 earnings call. My name is Lydia, and I will be your operator today.

Bright Health Group, Inc. (BHG) Q3 2023 Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company serving aging and underserved consumers with unmet clinical needs, today reported financial results for its Third Quarter ended September 30, 2023. “Bright Health's solid 2023 performance continued in the Third Quarter, with our second consecutive quarter of positive Adjusted EBITDA. Excluding a Goodwill impairment, our Care Delivery seg.

Bright Health Group Reports Third Quarter 2023 Results

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. ("Bright Health") (NYSE: BHG), the technology enabled, value-driven healthcare company, today announced it will report Third Quarter financial results before the financial markets open on Tuesday, November 7, 2023, followed by a conference call at 8:00 AM Eastern Time. To participate via telephone, please pre-register at this link. Upon registration, telephone participants will receive a confirmation email detailing how to join the confere.

Bright Health Group to Host Third Quarter 2023 Earnings Conference Call on November 7, 2023

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company, today announced it continues to make progress on the wind-down of its ACA insurance business. The Company has made significant progress paying down its medical claims obligations and is on track with prior forecasts. As of the end of August, the Company believes that its claims runout is over 98% complete. Bright Health's final risk adj.

Bright Health Group Continues to Make Significant Progress Towards ACA Insurance Business Wind-Down

Bright Health Group, Inc. (NYSE:BHG ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Stephen Hagan - IR, Director Mike Mikan - President and CEO Jay Matushak - CFO Conference Call Participants Operator Hello, and welcome to the Bright Health Group Q2 2023 Earnings Call. My name is Alex, and I will be coordinating the call today.

Bright Health Group, Inc. (BHG) Q2 2023 Earnings Call Transcript

Bright Health Group (BHG) came out with a quarterly loss of $8.55 per share versus the Zacks Consensus Estimate of a loss of $5.24. This compares to loss of $36 per share a year ago.

Bright Health Group (BHG) Reports Q2 Loss, Lags Revenue Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company serving aging and underserved consumers with unmet clinical needs, today reported financial results for its second quarter ended June 30, 2023. “Bright Health showed continued strong performance in the Second Quarter, including reporting our first quarter with positive Adjusted EBITDA. Our Care Delivery and Care Solutions operating segme.

Bright Health Group Reports Second Quarter 2023 Results

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company, today announced that it entered into a credit facility with an investment partnership of New Enterprise Associates (“NEA”) with $60 million of credit capacity on August 4, 2023. Bright Health is also announcing that it has entered into a permanent waiver of default on its existing credit facility, which expires in February 2024. Mike Mi.

Bright Health Group Secures Financing to Support Operations Pending the Expected Close of California Medicare Advantage Business Sale

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. ("Bright Health") (NYSE: BHG), the technology enabled, value-driven healthcare company serving aging and underserved consumers with unmet clinical needs, today announced it will report Second Quarter financial results before the financial markets open on Wednesday, August 9, 2023, followed by a conference call at 8:00 AM Eastern Time. To participate via telephone, please pre-register at this link. Upon registration, telephone participants.

Bright Health Group to Host Second Quarter 2023 Earnings Conference Call on August 9, 2023

Molina Healthcare

Molina Healthcare, Inc. (NYSE:MOH)'s acquisition of Bright Health assets is a positive for the company according to analysts at UBS, who said the deal could bring Molina closer to its long-term premium target. The multi-state health insurance provider is acquiring Bright Health's California Medicare Advantage (MA) Business, Brand New Day, and Central Health Plan.

Molina Healthcare acquisition of Bright Health assets ‘significant' for achieving premium target: broker

Bright Health (BHG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Bright Health (BHG): Can Its 11.9% Jump Turn into More Strength?

Molina Healthcare Inc (NYSE: MOH) is buying the California Medicare Advantage business from Bright Health Group Inc (NYSE: BHG). Details of the Bright Health-Molina agreement On Friday, the managed care company said it will pay $600 million in total for the deal that also includes BHG's Brand New Day and Central Health Plan of California.

Molina Healthcare announces a $600 million deal with Bright Health

Molina Healthcare Inc. MOH, +1.98% on Friday announced a deal to buy Bright Health Group Inc.'s BHG, -1.00% California Medicare Advantage business, Brand New Day and Central Health Plan of California, for a purchase price of about $510 million, net of tax benefits. The price amounts to 28% of expected 2023 premium revenue of $1.8 billion, Molina said in a release.

Molina Healthcare to buy Bright Health Group's California Medicare business

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company, today announced that it has entered into a definitive agreement with Molina Healthcare, Inc. (“Molina”), to sell its California Medicare Advantage business, Brand New Day and Central Health Plan, for a total purchase consideration of $600 million. Upon closing, the proceeds of the sale will significantly strengthen Bright Health's capit.

Bright Health Group Enters into Definitive Agreement with Molina Healthcare to Sell its California Medicare Advantage Business, Bolstering Capital Position to Continue Advancing its Value-Driven Care Model

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Bright Health Group, Inc. (NYSE:BHG ) Q1 2023 Earnings Conference Call May 9, 2023 8:00 AM ET Company Participants Stephen Hagan - Investor Relations Director Mike Mikan - President and CEO Cathy Smith - Chief Administrative Officer and CFO Conference Call Participants Operator Ladies and gentlemen, welcome to the Bright Health Group First Quarter 2023 Earnings Call. My name is Kelly, and I will be coordinating your call today.

Bright Health Group, Inc. (BHG) Q1 2023 Earnings Call Transcript

Bright Health Group (BHG) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.32 per share a year ago.

Bright Health Group (BHG) Reports Q1 Loss, Lags Revenue Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company serving aging and underserved consumers with unmet clinical needs, today reported financial results for its first quarter ended March 31, 2023. “Bright Health had a strong start to the year in the First Quarter. The Consumer Care segment generated positive Operating Income, and the Medical Cost Ratio in our Medicare Advantage business wa.

Bright Health Group Reports First Quarter 2023 Results

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company serving aging and underserved consumers with unmet clinical needs, today announced that it has appointed Jay Matushak as the Company's next Chief Financial Officer, effective May 12, 2023. Mr. Matushak will succeed Cathy Smith, who is stepping down to pursue another opportunity. Mr. Matushak, a seasoned finance and operational executive.

Bright Health Group Appoints Jay Matushak as Chief Financial Officer

MINNEAPOLIS--(BUSINESS WIRE)--Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), today announced that it is exploring strategic alternatives for its California Medicare Advantage business, which consists of Brand New Day and Central Health Plan, with a focus on a potential sale. The proceeds would substantially bolster the Company's financial position and establish a strong foundation for long-term sustainable growth. As it takes this action, the Company will continue to.

Bright Health Group to Explore Strategic Alternatives for Medicare Advantage Business as it Focuses on Driving Performance through its Consumer Care Delivery Business

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