(Reuters) – Health insurer NeueHealth 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)
