Bright Health nabs $750M capital infusion with help from new investor (and competitor) Cigna

Healthcare DIVE December 8, 2021
Rebecca Pifer

Dive Brief:

• Insurtech Bright Health is getting a major infusion of $750 million in capital from existing investor New Enterprise Associates and Cigna’s venture arm.
• Cigna, a new investor in the company, is investing a significant chunk of change — $550 million — in an apparent competitor, attracted by its clinical network as more insurers look to snap up doctor’s groups.
• The Connecticut-based payer plans to explore ways that Bright subsidiary NeueHealth and Cigna health services business Evernorth can potentially provide services to each other’s clients, according to Cigna Ventures head Tom Richards.

Dive Insight:

Minneapolis-based Bright has two market-facing businesses: Bright HealthCare, which manages commercial and Medicare products covering some 720,000 lives in the U.S., and NeueHealth,...

Today's Sponsors

Today's Sponsor