Four years after a spectacular initial public offering, NeueHealth’s retreat is notably quiet. The company formerly known as Bright Health Group is set to exit the New York Stock Exchange soon, all but bringing to a close an intriguing but ultimately forgettable era of “insurtech” startups that were darlings of venture capital investors but duds on the public markets. Like insurtechs such as Oscar Health, Friday Health and SeaChange, Bright Health attracted billions of dollars from venture capital investors who may have underestimated the intricacies of a highly competitive, heavily regulated industry and expected big returns too quickly.
Read the full article: How Bright Health Went from Insurtech Darling to Cautionary Tale //
Source: https://www.modernhealthcare.com/insurance/neuehealth-bright-health-group-insurtech