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Bright Health Acquires Zipnosis

What to know about the acquisition of Zipnosis by Bright Health:

  • Bright Health, the Minneapolis-based healthcare behemoth, has acquired telehealth company (and fellow North Looper) Zipnosis
    • Financial terms of the acquisition were not disclosed
  • The deal was announced by Cain Brothers, a New York-based healthcare investment bank that served as financial advisor for Zipnosis
  • Earlier this month, Bloomberg reported Bright Health is planning to raise $1 billion or more in an IPO later this year
    • The report also stated that the company could be valued at, “well above $10 billion” with some targeting a figure as high as $20 billion

Alex Skjong
Alex oversees the content produced for BETA, Twin Cities Startup Week, and When he’s not writing or editing, there’s a good chance he’s enjoying a refreshing brew and explaining the merits of heavy metal (of which there are many).