[Funding news] DORAL-based NeueHealth Raises loan facility for up to $150 Million Funding

NeueHealth, the value-driven healthcare company, raises loan facility for up to $150 million funding Hercules Capital.

Mike Mikan, President and CEO of NeueHealth said, “This financing puts us in a strong position to advance our differentiated care model and take the lead as the industry continues to shift to value-based care, 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 funding significantly strengthens it’s financial position and frees it up to concentrate on providing value-driven, customer-centric care to all populations. It will be utilised to support it’s strategic priorities in 2024 and beyond.

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Tom Hertzberg, Managing Director at Hercules said, “Hercules is pleased to support NeueHealth. We see significant opportunities in NeueHealth’s ability to drive value for payors and providers and deliver high-quality care to consumers across the ACA Marketplace, Medicare, and Medicaid, NeueHealth is driving value in healthcare for all, and we are thrilled to be their financial partner,”.

About NeueHealth

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.

It helps to make healthcare accessible and affordable to all populations across the ACA Marketplace, Medicare, and Medicaid. It delivers high-quality clinical care to over 460,000 health consumers through owned clinics and unique partnerships with over 3,000 affiliated providers.