By Stephen Nakrosis
Shares of NeueHealth gained after hours following news the healthcare company would be taken private in a deal with an affiliate of New Enterprise Associates.
Under the terms of the deal, NeueHealth shareholders would receive $7.33 a share in cash.
The company's stock was 60% higher, at $6.90, after hours Monday. It ended the regular session with a 12% gain, closing at $4.31.
Some of the company's stockholders entered rollover agreements which would see them exchange shares of stock for newly issued equity interests in the privately held company.
NeueHealth said its executive leadership team would continue with the company, adding that they intend to roll over 100% of their equity interests for newly issued equity interests in the privately held company.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 23, 2024 18:18 ET (23:18 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.