NeueHealth to be Acquired by NEA for US$1.3 Billion
NeueHealth to be Acquired by NEA for US$1.3 Billion
Healthcare services company NeueHealth today announced a definitive merger agreement to be acquired by an affiliate of New Enterprise Associates (NEA) for approximately $1.3 billion.

Under the terms of the agreement, NeueHealth shareholders will receive $7.33 per share in cash, representing a 70% premium over the company’s closing price on December 23, 2024. Existing investors, including Cigna Ventures and NEA, will retain their equity stakes.

Following the transaction, NeueHealth will transition to private ownership to further its focus on value-based care.

Founded in 2015 as Bright Health, NeueHealth has raised nearly $2.66 billion in funding.

Mike Mikan, President and CEO of NeueHealth, commented, saying: “We are pleased to announce this transaction as we believe it places NeueHealth in a strong position for continued growth while maximizing value for all of NeueHealth’s public stockholders. NEA has been a longstanding strategic partner, and we look forward to continuing to work together to build on NeueHealth’s success as a leader in value-based care.”

Mohamad Makhzoumi, Co-CEO of NEA also said: “We believe NeueHealth has built a differentiated model of care that is uniquely positioned to drive value for consumers, providers, and payors and we have confidence in the NeueHealth team and their ability to continue to lead the Company.”

He added: “We have had a strong partnership with NeueHealth since 2016 and share the Company’s commitment to making high-quality healthcare accessible and affordable for all Americans.”

Share this article:

APPLY TO SPONSOR

Gain access to the most senior audience of insurance executives, entrepreneurs, and investors. We offer a wide range of opportunities for you to engage with our attendees from networking to thought leadership.

Sponsorship packages provide a wide range of opportunities developed for almost any budget and are designed to help achieve your branding, networking, and/or thought leadership goals. 

Insurtech Insights Europe 2025

Join us at Europe's largest insurtech conference at InterContinental London - The O2
on March 19-20th, uniting over 6,000 senior insurance professionals!