Recent events
Recent events tied to this brand in public sources.
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2022
Bright Health Group sued over IPO disclosures
Victorino Martinez filed a class-action lawsuit against Bright Health Group and its officers, alleging securities violations and omissions in connection with the company's IPO. The complaint alleges that Bright Health overstated its post-IPO business and financial prospects, was ill-equipped to handle COVID-19-related costs, and experienced declining premium revenue because it failed to capture risk adjustment on newly added lives. These are allegations in the complaint.
2021
Bright Health acquires Zipnosis
Bright Health acquired Zipnosis, a telehealth platform provider. Bright Health confirmed the acquisition but declined to provide further details.
2020
Bright Health completes acquisition of Brand New Day
Bright Health completed its acquisition of California-based Universal Care Inc., which does business as Brand New Day. The transaction combined Brand New Day's local expertise and clinical programs with Bright Health's technology and healthcare approach.
2019
Bright Health raises $635 million in Series D funding
Bright Health announced that it had raised $635 million in an oversubscribed Series D funding round led by New Enterprise Associates. The company said the capital would be used to hire more people for its expanding geographical presence.
2019
Bright Health receives approval to offer Arizona health plans
Bright Health said it had received approval from the Arizona Department of Insurance to offer health plans during the fall open enrollment period.
2019
Bright Health announces 2020 New York City Medicare Advantage plans
Bright Health announced details and pricing for its 2020 Medicare Advantage plans in New York City. The plans were to be available for purchase during the Medicare Annual Election Period beginning October 15.