MedCity News December 19, 2023
Molina Healthcare’s purchase price of Bright Health Group’s Medicare Advantage business has dropped from $600 million to $500 million. This will make it increasingly difficult for Bright Health to pay off its debts, one expert said.
Several months after Molina Healthcare and Bright Health Group entered into a definitive agreement for Molina to buy Bright Health’s Medicare Advantage business, the companies have agreed to a lower purchase price, according to a December 13 filing with the Securities and Exchange Commission. Originally set at $600 million, the purchase price has been lowered to $500 million.
The amended price spells trouble for Bright Health as it works to pay off its debts, said Ari Gottlieb, principal of A2 Strategy Corp. It...
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