Former Target CFO takes on same role at health insurance startup Bright Health

Morgan Haefner - Print  | 

Health insurance startup Bright Health welcomed Cathy Smith, former CFO of Target, as its finance chief Jan. 6.

As Bright Health's CFO, Ms. Smith will oversee the insurer's financial reporting and legal, human resources and accounting teams.

She joins Bright Health from Target, where she was CFO for four years. Before that role, she was the executive vice president and CFO at Express Scripts. Ms. Smith also held CFO roles at Walmart International and GameStop.

In its latest funding round, Bright Health, led by former UnitedHealth Group CEO Bob Sheehy, netted $635 million in venture capital funding. That pushed its total equity funding past the $1 billion threshold.

More articles on payers:
BCBS of Tennessee specialty drug change brings physician backlash
UnitedHealth shares worth 10 times what they were in 2010
Georgia health system, Anthem near payment agreement

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.