Datapoint: Bright Health Files for IPO

Following the trend of startup insurers going public, Bright Health last week filed a registration statement for a proposed IPO. The number of initial shares and their price range has not been determined. Bright Health, which closed on its acquisition of California Medicare Advantage (MA) org Brand New Day in May 2020, currently covers 210,821 members, with 31.0% enrolled in MA and 67.0% enrolled in individual commercial risk-based plans.

Source: AIS’s Directory of Health Plans

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AIS Health Staff

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