NeueHealth entered into a secured loan facility for up to $150 million with Hercules Capital.

“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,” said Mike Mikan, President and CEO of NeueHealth. “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 financing, which will be used to support NeueHealth’s strategic priorities in 2024 and beyond, further solidifies the Company’s capital position, enabling it to focus on delivering value-driven, consumer-centric care to all populations.

“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,” said Tom Hertzberg, Managing Director at Hercules. “NeueHealth is driving value in healthcare for all, and we are thrilled to be their financial partner,” added Mike McMahon, Director at Hercules.

Moelis & Company LLC acted as exclusive placement agent and capital markets advisor and Simpson Thacher & Bartlett LLP served as legal advisor to the Company.