NeueHealth Secures up to $150 Million in New Term Loan Facility with Hercules Capital
Summary
We have established longstanding relationships with payors, providers, and consumers across the industry, and we look forward to continuing to build on our success as we make personalized care more accessible and affordable for all.The financing, which will be used to support NeueHealths strategic priorities in 2024 and beyond, further solidifies the Companys capital position, enabling it to focus on delivering value-driven, consumer-centric care to all populations.Hercules is pleased to support NeueHealth. We see significant opportunities in NeueHealths ability to drive value for payors and providers and deliver high-quality care to consumers across the ACA Marketplace, Medicare, and Medicaid, said Tom Hertzberg, Managing Director at Hercules. NeueHealth is driving value in healthcare for all, and we are thrilled to be their financial partner, added Mike McMahon, Director at Hercules.More information regarding the financing and the key terms will be included in a Form 8-K to be filed by NeueHealth with the Securities and Exchange Commission.Moelis & Company LLC acted as exclusive placement agent and capital markets advisor and Simpson Thacher & Bartlett LLP served as legal advisor to the Company.NeueHealth is a value-driven healthcare company grounded in the belief that all health consumers are entitled to high-quality, coordinated care. By uniquely aligning the interests of health consumers, providers, and payors, NeueHealth helps to make healthcare accessible and affordable to all populations across the ACA Marketplace, Medicare, and Medicaid. We also enable independent providers and medical groups to thrive in performance-based arrangements through a suite of technology and services scaled centrally and deployed locally.