ALBUQUERQUE, January 13, 2021 – True Health New Mexico, one of the state’s leading health insurance providers for individuals, employer groups, and federal employees, announces that Bright Health Management, Inc. (“Bright HealthCare”) and Evolent Health, True Health New Mexico’s parent company, have entered a definitive agreement for Bright HealthCare to acquire True Health New Mexico, Inc. True Health New Mexico just completed the health insurance open enrollment period with membership growth up 40 percent year over year and is poised to continue its growth trajectory in 2021 and beyond.
“We are excited about Bright HealthCare’s interest and future partnership with True Health New Mexico,” said Dr. Mark Epstein, True Health New Mexico’s President and CEO. “Bright HealthCare is a high-growth national healthcare company, focused on integrating healthcare technology, care delivery, and financing to deliver better health outcomes and service for consumers and providers. We look forward to working with our new partners as we continue to expand and serve New Mexicans across the state.”
Once complete, current employees and leadership of True Health New Mexico will join the Bright HealthCare team and continue to lead local market operations, ensuring continuity for members, providers, and distribution partners. In addition, Evolent will continue to provide health plan administrative services and clinical program support, providing for a seamless transition.
“Bright Health set out to reimagine how healthcare is delivered in this country, and to create a truly personalized, efficient, and affordable healthcare experience through aligning the interests of patients, providers, distributors, and the health plan,” said Simeon Schindelman, CEO of Bright HealthCare. “The team at True Health New Mexico shares that vision, and we are excited to build upon their exceptional history of alignment and growth and work together to improve affordability and the quality of care for the people of New Mexico.”
About True Health New Mexico
True Health New Mexico is a physician-led health insurance company committed to keeping New Mexicans healthy. True Health New Mexico is available through the commercial market for employer-sponsored health coverage and is dedicated to lowering premium costs, delivering appropriate levels of care, and providing community-based case management to ensure members are well cared-for. For more information on True Health New Mexico, go to truehealthnewmexico.com.
About Bright Health
Bright Health Group is defining the future of healthcare by integrating financing, care delivery services, and technology to create a better performing healthcare experience for physicians and consumers. As a leading national high-growth integrated healthcare platform, we offer diversified health products and managed care services to over 500,000 consumers in 13 states and more than 50 markets. By aligning with our Care Partners, we provide consumers access to personalized care teams tailored to their individual needs. We deliver high-quality virtual and in-person clinical care to over 220,000 patients through our approximately 40 owned and managed advanced risk-bearing primary care clinics. We give providers the tools they need to optimize their practices and deliver valued-based care to the patients they serve. Driving it all is our person-centric, intelligent technology platform that connects consumers, payers, and providers with the common purpose of lowering healthcare costs while improving outcomes, experience, and access. We are making healthcare right. Together. Learn more at www.brighthealthinc.com.
About Evolent Health
Evolent Health (NYSE: EVH) delivers proven clinical and administrative solutions that improve whole-person health while making healthcare simpler and more affordable. Our solutions encompass total cost of care management, specialty care management, and administrative simplification. Evolent serves a national base of leading payers and providers, is the first company to receive the National Committee for Quality Assurance’s Population Health Program Accreditation, and is consistently recognized as a top place to work in healthcare nationally. Learn more about how Evolent is changing the way healthcare is delivered by visiting evolenthealth.com.