Trade NeueHealth Inc - NEUE CFD

Keep up-to-date with the Bright Health share price using Capital.com’s live chart.

Bright Health Group (BHG) is an American healthcare and insurance company. Headquartered in Minneapolis, the group plans to transform the industry, providing healthcare and insurance that is “simple, personal, and affordable”. BHG comprises NeueHealth and Bright Healthcare, two independent businesses that work hand in hand to deliver it’s vision.

Bright Health Group went public in June 2021, listing its shares on the New York Stock Exchange (NYSE) under the ticker BHG. 

Join Capital.com today to stay on top of the latest changes in the Bright Health stock price.

Founded in 2016 by Bob Sheehy, former CEO of UnitedHealthcare, Kyle Rolfing and Tom Valdivia, the company raised seed funding worth $80m from New Enterprise Associates (NEA) and Bessemer Venture Partners, with the participation of Flare Capital Partners and others. It began by partnering with CenturaHealth, offering its healthcare plans within the state of Colorado. The company has expanded, and today provides insurance plans across 14 US states.

Bright Healthcare is the group’s core business, providing simple and affordable health insurance. By partnering with hospitals, doctors and healthcare providers, Bright aims to minimise healthcare costs for its customers. The group’s second business, NeueHealth, provides value-based healthcare services. NeueHealth’s algorithm connects healthcare providers with payors quickly and efficiently, enhancing the patient experience and reducing costs for consumers.

Promising to deliver a “consumer-centric, technological approach” to healthcare, the company’s platform aims to provide a seamless user experience, giving patients the ability to schedule and amend appointments, and manage their prescriptions directly from their smartphones.

Bright Health has seen record membership growth in 2020. As of 24 June, the company has more than 623,000 health plan members, including more than 100,000 in Medicare Advantage plans.

With Capital.com’s comprehensive BHG share price chart, you can quickly view the company’s current share price and past performance.

On 19 May 2021, Bright Health Group filed with the Securities Exchange Commission (SEC) its intention to go public. On 23 June, the company set the maximum offering price at $23 a share. 

An initial public offering (IPO) took place on 24 June 2021, with Bright Health Group selling 51.4 million shares at $18 a share, generating $925m, compared with its original plan to offer 60 million shares. During its first trading session, the Bright Health share price (BHG) fell 7.6% to a low of $16.40. The stock ended the day at $16.64 a share, which gave the company a market value of $10.4bn.

You can trace the ups and downs of the Bright Health Group (BHG) stock price live, and go long or short on the company’s shares with CFDs using Capital.com’s proprietary trading platform.