NeueHealth will be taken private by its largest shareholder New Enterprise Associates and a group of existing investors in a $1.3 billion deal, including debt, the healthcare provider says. At $7.33 per share in cash, the deal represents a premium of about 70% to the NeueHealth stock's last closing price on Monday. The deal includes a 30-day "go-shop" period that will expire on Jan. 23, during which the company can weigh rival proposals. NEA held a 32.9% stake in NeueHealth, as of Sept. 30, according to LSEG data. NeueHealth's executive leadership team will continue in their roles upon completion of the deal and plan to roll over 100% of their equity interests for newly issued equity interests in the privately held company. Previously known as Bright Health Group, the company renamed itself earlier this year. It operates clinics under the brand names of Centrum Health, AssociatesMD, and Premier Medical Associates.
