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New Deal


Announced

Completed

Cigna Ventures and New Enterprise Associates completed the $750m investment in Bright Health Group.

Financials

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Transaction Value£565m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Public

Friendly

Venture Capital

Domestic

Life Insurance

health insurance

United States

Private Equity

Minority

Completed

Synopsis

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Investment firms Cigna Ventures and New Enterprise Associates completed the $750m investment in Bright Health Group, the first technology-enabled fully aligned system of care, built for healthcare's consumer retail market. "The investment from Cigna and NEA signifies continued conviction in Bright Health Group’s alignment model. We are excited about the partnership opportunities for both Bright Health Group and Cigna to bring affordable, personalized healthcare to all consumers," Mike Mikan, Bright Health Group President and CEO.

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