Bright Health Group Announces Closing of $175 Million Capital Raise to Support Focused Business

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Oct 18, 2022

Bright Health Group, Inc. ("Bright Health Group" or the "Company") (NYSE: BHG), today announced the closing of its previously announced offering of Series B convertible perpetual preferred stock (“Series B Preferred”). A total of 175,000 shares of the Company’s Series B Preferred were sold. Aggregate proceeds to the Company from the offering were $175 million.