Monday, May 12, 2025
This Big Influence
  • Home
  • World
  • Podcast
  • Politics
  • Business
  • Health
  • Tech
  • Awards
  • Shop
No Result
View All Result
This Big Influence
No Result
View All Result
Home Business

Bright Health exploring sale of Medicare Advantage business in California

ohog5 by ohog5
April 28, 2023
in Business
0
Bright Health exploring sale of Medicare Advantage business in California
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Chinese companies purge supply chain of foreign parts amid US trade war

A Shipping Change Might Help Small Businesses if Not for Trump’s Trade Wars – The New York Times

US military leaders wade into fight over tax breaks for critical minerals

Vibrant Well being Group says it is exploring the sale of its Medicare Benefit well being plan enterprise in California because it seeks strategic alternate options for the troubled enterprise.

The Bloomington-based well being insurer announced the move Friday whereas additionally disclosing that lenders have extended a waiver to minimal liquidity necessities till June 30.

Vibrant Well being had been going through an end-of-April deadline to boost extra capital after revealing in March that it had failed to take care of the minimal liquidity required by a financing settlement.

“We have now acquired inbound curiosity in Vibrant Well being’s California Medicare Benefit enterprise, and given this, the board has determined to assessment strategic alternate options alongside different monetary choices,” Manny Kadre, lead unbiased director of Vibrant Well being’s Board of Administrators, stated in a information launch.

Promoting the Medicare Benefit enterprise could be the most recent plot level in Vibrant Well being’s dramatic rise-and-fall story. The corporate was financed by Minnesota’s largest-ever preliminary public providing of inventory earlier than it stumbled badly with claims processing and threat evaluation issues in what was as soon as a big enterprise promoting well being plans for people.

Vibrant Well being, promoting by means of government-run medical insurance exchanges, at one level had 970,000 particular person market enrollees throughout 15 states. In October, the corporate introduced it will exit the business this 12 months.

The corporate’s second space of focus had been Medicare Benefit well being plans, the place seniors go for authorities advantages by means of a non-public managed care well being insurer. At present, that enterprise in California has about 125,000 enrollees.

Proceeds from a sale “would considerably bolster the corporate’s monetary place and set up a robust basis for long-term sustainable progress,” Vibrant Well being stated Friday in a information launch.

Outdoors of medical insurance, Vibrant Well being owns and operates plenty of medical clinics that handle look after sufferers by means of “value-based care” contracts with different well being insurers.

The brand new settlement with lenders means Vibrant Well being “will likely be topic to more money circulation, money stability and different reporting necessities,” the corporate stated Friday in a regulatory submitting.



Source link

Tags: AdvantageBrightbusinessCaliforniaexploringHealthMedicaresale
Share30Tweet19
ohog5

ohog5

Recommended For You

Chinese companies purge supply chain of foreign parts amid US trade war

by ohog5
May 11, 2025
0
Chinese companies purge supply chain of foreign parts amid US trade war

Unlock the Editor’s Digest without spending a dimeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.Chinese language corporations are accelerating a purge of...

Read more

A Shipping Change Might Help Small Businesses if Not for Trump’s Trade Wars – The New York Times

by ohog5
May 11, 2025
0
Trump to roll out sweeping new tariffs – CNN

A Shipping Change Might Help Small Businesses if Not for Trump’s Trade Wars  The New York Occasions Source link

Read more

US military leaders wade into fight over tax breaks for critical minerals

by ohog5
May 10, 2025
0
US military leaders wade into fight over tax breaks for critical minerals

Unlock the White Home Watch publication without costYour information to what Trump’s second time period means for Washington, enterprise and the worldFormer US army leaders are lobbying Congress...

Read more

Worcester, Massachusetts, Is 2025’s Top City For Small Business – Forbes

by ohog5
May 10, 2025
0
Trump to roll out sweeping new tariffs – CNN

Worcester, Massachusetts, Is 2025’s Top City For Small Business  Forbes Source link

Read more

Yamaha looks for sax appeal among China’s ageing population

by ohog5
May 9, 2025
0
Yamaha looks for sax appeal among China’s ageing population

Unlock the Editor’s Digest without spending a dimeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.The world’s largest musical instrument maker hopes to...

Read more
Next Post
Donald Trump, Vladimir Lenin and Vladimir Leneen

Donald Trump, Vladimir Lenin and Vladimir Leneen

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News

Today in Supreme Court History: April 29, 1745

Today in Supreme Court History: April 29, 1745

April 29, 2023
Why are so many kids facing anxiety?

Why are so many kids facing anxiety?

September 20, 2024
Valdosta businesses feed community after being devastated by storm

Valdosta businesses feed community after being devastated by storm

September 1, 2023

Browse by Category

  • Business
  • Health
  • Politics
  • Tech
  • World

Recent News

Chinese companies purge supply chain of foreign parts amid US trade war

Chinese companies purge supply chain of foreign parts amid US trade war

May 11, 2025
Financial Services Sessions at Cisco Live 2023

Financial Services Sessions at Cisco Live 2023

May 11, 2025

CATEGORIES

  • Business
  • Health
  • Politics
  • Tech
  • World

Follow Us

Recommended

  • Chinese companies purge supply chain of foreign parts amid US trade war
  • Financial Services Sessions at Cisco Live 2023
  • AI Brown-Nosing Is Becoming a Huge Problem for Society
  • India-Pakistan truce appears to hold despite accusations of violations – CNN
No Result
View All Result
  • Home
  • World
  • Podcast
  • Politics
  • Business
  • Health
  • Tech
  • Awards
  • Shop

© 2023 ThisBigInfluence

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?