Bright Health Acquires Universal Care (Brand New Day) to Expand into California
January 8, 2020
Bright Health has signed an agreement to acquire California-based Universal Care (d.b.a. Brand New Day), a Medicare-focused health plan. The deal will give Bright Health a strong presence in California and combine Brand New Day's local clinical programs and provider relationships with Bright Health's national scale and technology platform; the transaction is subject to regulatory approval and expected to close in 2020.
- Buyers
- Bright Health
- Targets
- Universal Care (d.b.a. Brand New Day)
- Sellers
- Universal Care (d.b.a. Brand New Day), Davis family
- Industry
- Healthcare Services
- Location
- California, United States
- Transaction Type
- Buyout
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