BHG Stock Recent News

Bright Health Group (BHG) Inc announced on Friday that it has received all necessary regulatory approvals to sell its California Medicare Advantage business to Molina Healthcare, with the acquisition expected to close in early January.   In June, Molina agreed to purchase BHG's California Medicare Advantage business for a total consideration of $600 million.

Bright Health Group, Inc. (NYSE:BHG ) Q3 2023 Earnings Conference Call November 7, 2023 8:00 AM ET Company Participants Stephen Hagan - Investor Relations Director Mike Mikan - Vice Chairman, CEO & President Jay Matushak - CFO Conference Call Participants Operator Hello, all, and welcome to Bright Health Group's third quarter 2023 earnings call. My name is Lydia, and I will be your operator today.

Bright Health Group, Inc. (NYSE:BHG ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Stephen Hagan - IR, Director Mike Mikan - President and CEO Jay Matushak - CFO Conference Call Participants Operator Hello, and welcome to the Bright Health Group Q2 2023 Earnings Call. My name is Alex, and I will be coordinating the call today.

Bright Health Group (BHG) came out with a quarterly loss of $8.55 per share versus the Zacks Consensus Estimate of a loss of $5.24. This compares to loss of $36 per share a year ago.

Molina Healthcare, Inc. (NYSE:MOH)'s acquisition of Bright Health assets is a positive for the company according to analysts at UBS, who said the deal could bring Molina closer to its long-term premium target. The multi-state health insurance provider is acquiring Bright Health's California Medicare Advantage (MA) Business, Brand New Day, and Central Health Plan.

Bright Health (BHG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Molina Healthcare Inc (NYSE: MOH) is buying the California Medicare Advantage business from Bright Health Group Inc (NYSE: BHG). Details of the Bright Health-Molina agreement On Friday, the managed care company said it will pay $600 million in total for the deal that also includes BHG's Brand New Day and Central Health Plan of California.

Molina Healthcare Inc. MOH, +1.98% on Friday announced a deal to buy Bright Health Group Inc.'s BHG, -1.00% California Medicare Advantage business, Brand New Day and Central Health Plan of California, for a purchase price of about $510 million, net of tax benefits. The price amounts to 28% of expected 2023 premium revenue of $1.8 billion, Molina said in a release.

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Bright Health Group, Inc. (NYSE:BHG ) Q1 2023 Earnings Conference Call May 9, 2023 8:00 AM ET Company Participants Stephen Hagan - Investor Relations Director Mike Mikan - President and CEO Cathy Smith - Chief Administrative Officer and CFO Conference Call Participants Operator Ladies and gentlemen, welcome to the Bright Health Group First Quarter 2023 Earnings Call. My name is Kelly, and I will be coordinating your call today.