secwatch.observer — SEC 8-K summary
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Issuer:     NeueHealth, Inc. (—)
CIK:        0001671284
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001671284-24-000004
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 1.02, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1671284/000167128424000004/0001671284-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1671284/000167128424000004/bhg-20240102.htm
  HTML page:      https://secwatch.observer/filing/0001671284-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer