Healthcare Finance News January 8, 2020
The expansion will bring the health plan’s national footprint to a total of 34 markets in 13 states.
Bright Health has announced a signed agreement to acquire California-based Universal Care, d.b.a. Brand New Day health plan.
The financial terms were not disclosed in a transaction expected to close this year.
Current Brand New Day leadership, including Jeff and Jay Davis, will join the Bright Health Plan leadership team and will continue to lead local market operations.
WHY THIS MATTERS
This transaction reaffirms Bright Health’s commitment to the growing Medicare Advantage market, the company said.
The expansion will bring Bright Health Plan’s national footprint to a total of 34 markets in 13 states, serving approximately 200,000 members.
It gives Bright...
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