AXIOS December 7, 2021
Bright Health, the parent company of a health insurer and physician clinics, has raised $750 million from Cigna’s venture capital arm — a new investor for the company — and longtime investor New Enterprise Associates.
Why it matters: Cigna, one of the largest national health insurers, is putting a lot of money into a company that is a competitor but also a possible purchaser of Cigna’s extra health services.
The big picture: Bright Health is copying the model of health insurers owning medical practices, with a goal of coordinating care better for patients.
- Yes, but: It’s also more profitable for insurance companies to send their members to the clinics that they own.
Zoom in: Bright Health started as...
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