Press Release June 30, 2021

Bright Health Completes $924.3 Million Initial Public Offering

The Capital Markets and Healthcare teams advised the underwriters of Bright Health Group’s initial public offering of 51,350,000 shares of its common stock at a price to the public of $18.00 per share. As part of the offering, Bright Health Group has granted the underwriters a 30-day option to purchase up to an additional 6,162,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The gross proceeds to Bright Health Group from the offering will be approximately $924.3 million (or $1.035 billion if the underwriters exercise their option to purchase additional shares of common stock in full), before deducting the underwriting discount and estimated offering expenses.

Bright Health Group aligns the local resources in healthcare delivery with the financing of care, driving a superior consumer experience, optimizing clinical outcomes, reducing systemic waste, and lowering costs.

The Goodwin team was led by Brad Weber, Gregg Katz, and Kim de Glossop, and included Kim Larie and Katerina Stavrianidis.

For more details, read the press release.