NeueHealth, Inc.: restructuring charge — Bright Health estimates restructuring charges of $65M-$90M; cash costs $54M-$72M

NeueHealth, Inc.

Pre-tax restructuring charges estimated at $65M-$90M; cash expenditures $54M-$72M.
Employee-related costs: $29M-$37M (severance, retention, other).
Software and facility consolidation: $11M-$18M (impairments).
Contract termination and other costs: $25M-$35M.
Restructuring substantially complete by Q4 2023.

item 2.05

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

NeueHealth, Inc. announced a restructuring with charges of $65 million to $90 million.

Type: restructuring
Charge: $65 million to $90 million

Exact text from the filing

The Company expects it will incur approximately $65 million to $90 million of pre-tax restructuring charges

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Source: SEC EDGAR

accession 0001671284-23-000005

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