NeueHealth to be taken private by New Enterprise Associates in $1.3 billion deal (updated)

Neuehealth

23/12/2024 23:23

(Adds shares in paragraph 2, deal value in paragraph 3)
       Dec 23 (Reuters) - 
    Health insurer NeueHealth  NEUE.N  said on Monday that an
affiliate of New Enterprise Associates and a consortium of
investors would take it private at an enterprise value of about
$1.3 billion.
  
        Shares of the company were up 62.4% in extended trading.
        The deal, at $7.33 per share in cash, represents a
premium of around 70% over NeueHealth's closing stock price on
Monday.
  

 (Reporting by Anuja Bharat Mistry and Puyaan Singh in
Bengaluru; Editing by Mohammed Safi Shamsi)
 ((AnujaBharat.Mistry@thomsonreuters.com;))