NeueHealth entered into a secured loan facility for up to $150 million with Hercules Capital. The financing will be used to support NeueHealth’s strategic priorities in 2024 and beyond.
“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,” Mike Mikan, president and CEO of NeueHealth, said. “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.”
“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,” Tom Hertzberg, managing director at Hercules, said.
“NeueHealth is driving value in healthcare for all, and we are thrilled to be their financial partner,” Mike McMahon, director at Hercules, said.
Moelis acted as exclusive placement agent and capital markets advisor and Simpson Thacher & Bartlett served as legal advisor to the company.
