Insurance startup Bright Health acquires Medicare Advantage plan

Health insurance startup Bright Health closed its acquisition of Brand New Day, a California-based Medicare Advantage health plan, on April 30.

Advertisement

Bright Health said the transaction ties its technology-driven model with Brand New Day’s localized strategy that connects members with complex conditions with primary care physicians to improve care coordination and outcomes.

The acquisition will add to Bright Health’s individual, family and Medicare Advantage offerings, which are currently available in 13 states. Brand New Day will bring Bright Health a provider network of more than 7,300 primary care physicians and 22,300 specialists. 

In addition, Brand New Day’s leadership team will join Bright Health’s. 

More articles on payers:
Insurers extending prior authorizations for elective services
Insurers entitled to billions in risk corridors payments, SCOTUS says
These 7 top payer CEOs collectively made $151M in 2019

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.