NeueHealth Announces Closing of $1.465 Bn Acquisition

Florida-based NeueHealth, a healthcare technology company focused on connecting providers and payers in value-based care, has officially closed a merger transaction valued at approximately $1.465 billion.

The acquisition was carried out by an affiliate of California-based New Enterprise Associates (NEA) and a consortium of investors. This final deal price reflects a $165 million increase over the initial valuation agreed in January.

With the completion of the merger, NeueHealth’s stock was delisted from the New York Stock Exchange, while the Holders of common stock are expected to receive $7.33 per share.

Further, some existing shareholders, including NEA and 12 other investors, have reportedly entered into rollover agreements, exchanging their holdings for equity in the now privately held entity.

Earlier in January, NeueHealth announced that it had entered into a definitive merger agreement to be acquired by an affiliate of New Enterprise Associates (NEA) at a valuation of approximately $1.3 billion.

Commenting about the merger, Mike Mikan, president and CEO of NeueHealth, said, "Since our founding, NeueHealth has been committed to aligning the interests of consumers, payors, and providers to create a seamless, more coordinated care experience for all."

He further added, "This transaction marks a significant milestone for our company as it allows us the flexibility and resources to continue to fulfill this mission as we advance our value-driven, consumer-centric care model and drive long-term, sustainable growth into the future."

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