((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Added details of the entire operation)
NeueHealth NEUE.N will be acquired by its largest shareholder New Enterprise Associates (NEA) and a group of existing investors in a $1.3 billion deal, including debt, the health care provider said. health Monday.
Shares of the company rose 62.4% in extended trading.
At $7.33 per share in cash, the deal represents a premium of about 70% to NeueHealth's last closing price on Monday.
The agreement provides for a 30-day opening period, which expires on January 23, during which the company can consider proposals from its competitors.
NEA held a 32.9% stake in NeueHealth as of September 30, according to LSEG data.
NeueHealth's management team will retain their positions following the transaction and plans to renew 100% of their stakes in newly issued shares in the privately held company.
Previously known as Bright Health Group, the company rebranded itself earlier this year. It operates clinics under the Centrum Health, AssociatesMD and Premier Medical Associates brands.
Related News :