‘We’re Getting Closer and Closer To Bright Going Dark’: Molina Lowers Purchase Price for Bright Health Group’s MA Business

Molina Healthcare and Bright Health Group have agreed to lower the purchase price of Molina buying Bright Health’s Medicare Advantage business, reducing it from $600 million to $500 million. The amended price reflects financial trouble for Bright Health due to debts it owes to JPMorgan and the federal government. Of the $500 million, $100 million is being put in an escrow account, which will be provided if certain obligations are met. Molina announced the purchase price amendment, stating it was down to $425 million. Bright Health reported a net loss of $1.4 billion in 2022 and decided to sell its MA business to focus on consumer care delivery.

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