Bright Health Raises $200 Million to Finance Ongoing Expansion

Bright Health announced Thursday that it has raised another $200 million to support ongoing expansion, which includes entering the Tennessee individual health insurance market. It will offer plans in three metro areas, The Star Tribune reports. The company sells insurance focused on one health care system in a community, with the goal of letting the network of doctors and hospitals coordinate services and cutting consumer costs. The Minneapolis-based insurer said it has raised more than $440 million in three rounds of equity financing since 2016.

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