digital health IPO
The company currently has more than $664 million in funding.
The company's IPO included around 4.4 million shares.
Also: Convey Health Solutions seeks $186 million in its NYSE debut.
The company plans to list on the New York Stock Exchange under the symbol "BHG."
Also: Oscar Health IPO dips below expectations; DrChrono's new "all-in-one telehealth app experience."
Founded in 2012, Oscar has grown to an approximate membership of 529,000, an annual revenue of $1.67 billion and a lifetime accumulated deficit of $1.43 billion.
2021 will see more digital health companies move to the public market and a continued interest in the mental health space.
The newly announced deal is expected to close in Q4 2020, and values the direct-to-consumer telehealth company's combined entity at $1.6 billion.
The company was founded in 2011 and is looking to go public on the Nasdaq market.
The listing could happen either later this year or in early 2021, Reuters reports.