Fierce Healthcare April 11, 2024
Just days after issuing executive bonuses for hitting performance measures, NeueHealth increased its loan commitment on its amended credit facility by $30 million.
NeueHealth will have access to $20 million immediately and the final $10 million after 180 days.
The company, then known as Bright Health, released a similarly worded announcement in August when it first entered into an agreement with investment partner and majority shareholder New Enterprise Associates in August for $60 million. That agreement was to support capital requirements to close the sale of its Medicare Advantage business to Molina Healthcare.
Despite the influx of cash, a loan increase in October from the California State Teachers Retirement System (CalSTRS) pension fund for $6.4 million, and virtually no mention...
Today's Sponsors
Today's Sponsor