July 19, 2024

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Bright Health Group Announces Closing of $750 Million Capital Raise to Support Continued Growth

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Bright Health Group Announces Closing of 0 Million Capital Raise to Support Continued Growth

MINNEAPOLIS–(Business enterprise WIRE)–Brilliant Health Group, Inc. (“Bright Wellbeing Team” or the “Organization”) (NYSE: BHG), the to start with technology-enabled thoroughly aligned method of care, built for healthcare’s buyer retail industry, today introduced the closing of its earlier announced featuring of Collection A convertible perpetual most well-liked inventory (the “Sequence A Most popular”). A whole of 750,000 shares of the Company’s Series A Desired were sold to specified subsidiaries of Cigna Corporation and selected affiliates of New Company Associates. Combination proceeds to the Organization from the presenting were $750 million.

The financial investment from these two main institutions demonstrates support for the growth of Shiny Health Group’s differentiated alignment design. Extra data regarding closing of the Sequence A Favored featuring will be involved in a Variety 8-K to be submitted by Shiny Health Team with the Securities and Exchange Fee.

About Vibrant Health Group

Vivid Well being Group is the first technological know-how-enabled, absolutely aligned procedure of care built for healthcare’s purchaser retail sector. Our differentiated strategy aligns treatment delivery with the financing of treatment to travel greater outcomes, lessen prices, and increase the purchaser experience. We have two market place-dealing with enterprises: NeueHealth and Vibrant Health care. NeueHealth supplies treatment shipping and price-based mostly enablement products and services by means of our 131 owned and affiliated clinics and broader Treatment Spouse network. Brilliant Health care provides Business and Medicare wellbeing plan goods to in excess of 720,000 buyers across the country. We consider absolutely everyone really should have obtain to own, affordable, and high-quality health care. Our mission is to Make health care ideal. With each other. For much more info, check out www.brighthealthgroup.com.

Ahead-Looking Statements

Statements created in this release that are not statements of historic truth, which includes statements about our beliefs and anticipations, are ahead-wanting statements and ought to be evaluated as this sort of. Ahead-seeking statements contain information and facts concerning the proposed closing day of the Series A Desired financial commitment, probable or assumed foreseeable future final results of functions, including descriptions of our business plan and strategies. These statements generally contain words these as “will,” “target,” “anticipate,” “expect,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “projections,” and other similar expressions. These forward-looking statements incorporate any statements pertaining to our plans and expectations with regard to Brilliant Health and fitness Team, Inc. and its organizations and segments. This sort of forward-seeking statements are topic to a variety of threats, uncertainties and assumptions. Accordingly, there are or will be significant factors that could lead to true results or outcomes to differ materially from these indicated in these statements. Aspects that might materially have an impact on these types of forward-looking statements consist of: a absence of acceptance or slow adoption of our enterprise design our ability to keep present shoppers and broaden buyer enrollment our skill to agreement with treatment vendors and organize for the provision of high-quality care our means to properly estimate our professional medical expenses, effectively manage our expenditures and statements liabilities or appropriately price tag our solutions and demand rates the effects of the COVID-19 pandemic on our enterprise and effects of functions the threats involved with our reliance on 3rd-get together vendors to run our organization the affect of modifications or changes to the U.S. overall health insurance policy marketplaces our means to regulate the development of our business our skill to function, update or put into action our technologies system and other information and facts technological innovation systems our capability to keep vital executives our potential to productively go after acquisitions and integrate acquired firms the occurrence of severe climate occasions, catastrophic wellbeing functions, normal or guy-made disasters, and social and political situations or civil unrest our means to avoid and consist of facts safety incidents and the impact of knowledge safety incidents on our customers, sufferers, personnel and monetary final results and the other components established forth under the heading “Risk Factors” in Shiny Wellbeing Group’s prospectus filed pursuant to Rule 424(b)(4) on June 25, 2021, and our other filings with the U.S. Securities and Exchange Commission. All forward wanting statements contained in this release mirror management’s beliefs as of the date hereof, and besides as required by legislation, we undertake no obligation to update publicly any forward-hunting statements for any reason soon after the day of this launch to conform these statements to true success or variations in our expectations.

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