---
schema_version: "secwatch.filing_event.v1"
accession: "0001671284-24-000004"
form_type: "8-K"
ticker: null
cik: "0001671284"
company_name: "NeueHealth, Inc."
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:20:21.287169+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bright Health sells California Medicare Advantage business to Molina for $500M; repays secured debt

## Summary
- Sale of Brand New Day and Central Health Plan closed Jan 1, 2024 for $500M cash.
- Concurrently repaid $274.6M secured credit facility; eliminated all secured debt.
- Remaining proceeds to fund continuing NeueHealth business; expects 2024 Adjusted EBITDA profitability.
- Credit agreement terminated after payoff and $24.1M cash collateral for letters of credit.

## SEC filing metadata
- accession: 0001671284-24-000004
- form_type: 8-K
- cik: 0001671284
- company_name: NeueHealth, Inc.
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1671284/000167128424000004/0001671284-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1671284/000167128424000004/bhg-20240102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001671284-24-000004
- JSON: https://secwatch.observer/filing/0001671284-24-000004.json
- Plain text: https://secwatch.observer/filing/0001671284-24-000004.txt

## Key facts
- M&A Transactions
  NeueHealth, Inc. completed a disposition involving Molina Healthcare, Inc. for $500.0 million in cash (closed 2024-01-01).
  - Action: disposition
  - Counterparty: Molina Healthcare, Inc.
  - Consideration: $500.0 million in cash
  - Closing: 2024-01-01
  source text: pursuant to which, among other things, BHCC agreed to sell to Molina all of its shares of capital stock in CHP and BND (together, the “ MA Business ”) for an aggregate purchase price of $500.0 million in cash, subject to certain purchase price adjustments (such sale, the “ Transaction ”), and, following the consummation of the Transaction, each of BND and CHP would be a wholly owned subsidiary of Molina. Effective as of January 1, 2024, the Transaction was consummated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671284/000167128424000004/0001671284-24-000004-index.htm
- Material Agreements
  NeueHealth, Inc. terminated Credit Agreement dated as of March 1, 2021 with JPMorgan Chase Bank, N.A. and the Lenders valued at Payoff of $274.6 million and cash collateral of $24.1 million (effective 2024-01-02).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. and the Lenders
  - Value: Payoff of $274.6 million and cash collateral of $24.1 million
  - Effective: 2024-01-02
  source text: On January 2, 2024, both the Payoff Condition and the L/C Condition were satisfied and, as a result, the Consent and the Termination occurred.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1671284/000167128424000004/0001671284-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.