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NueHealth Raises New Funding

       
LEAWOOD, KS, NueHealth is pleased to announce the successful closing of a new growth capital financing by funds managed by Ares Management, L.P. and BC Partners Credit.
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NueHealth has over 20 years of proven success in Multi-Specialty and Orthopedic Specialty surgical care and is a national leader in developing, building, managing, and growing specialty surgical hospitals, ambulatory surgical centers ("ASCs") and hyper-specialty centers. Founded in 1997 and headquartered in Leawood, KS, the Company has managed and held ownership interests in over 150 facilities since its inception and currently manages and/or owns 57 ASCs in 21 states with strategic geographic clustering in the Mid-Atlantic, Mid-West, and throughout Texas. NueHealth's operating platform improves the delivery and quality of surgical services to millions of patients. In partnership with leading physicians, health systems, and medical groups NueHealth facilities produce clinical and financial performance unrivaled in surgical care. This growth capital will enable NueHealth to accelerate the adoption of its value-based care protocols, consumer driven technology stack and advanced payment model contracting with payors and employers. With the advent of pay for value programs, our vision, investments and core assets, NueHealth is positioned unlike any other segment competitor and is built on the guiding principles of consumerism and payment reform shifting the risk of quality care to providers.

"Ares Management and BC Partners Credit worked to provide NueHealth with a capital structure that meets our near-term objectives and positions the Company to be the leader in the transition to value-based healthcare delivery in the United States. I am extremely proud of our experienced management team, which has over 150 years of combined experience in healthcare services, for closing this important transaction," said Dan Tasset, Founder and CEO of NueHealth.

"We are very excited about the commitment of our new partners to the ongoing expansion of NueHealth's mission of transforming ambulatory surgical care. This partnership will give us the flexibility and capacity to invest more meaningfully in our individual facilities and expand into new markets with our value-based care platform," said John Palumbo, Chairman of NueHealth and Executive Chairman of ValueHealth, the parent company of NueHealth.

Bryant Park Capital LLC acted as the Company's financial advisor in the transaction.

About NueHealth

Since 1997, NueHealth has partnered with over 10,000 physician investors and 25 health system partners to develop lower-cost sites of service, expanding into more than 150 facilities, including physician-owned surgery centers, surgical hospitals and orthopedic hyper-specialty centers. Today, NueHealth operates in [21] states, positioning our Ambulatory Centers of Excellence™ (ACE) to be national leaders in the transition to value-based care. For more information, visit www.nuehealth.com.

About ValueHealth

ValueHealth is the parent company to NueHealth and is a technology-enabled, market-based platform that assists payors and providers in delivering prospective bundle payment arrangements which are an alternative to high-cost fee for service surgical care for their members and patients. ValueHealth's platform affiliates NueHealth , Muve , Benefit Management , Healthcare RE , and ValueHealth Transformation Center uniquely position the platform to deliver high value surgical care for payors, providers and patients. ValueHealth redefines what it means to be a healthcare network. Its Ambulatory Centers of ExcellenceTM (ACE) network platform facilitates new levels of accessibilities, alignment, risk readiness and consumer transparency.

About Ares Management, L.P.

Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $121.4 billion of assets under management as of June 30, 2018 and 18 offices in the United States, Europe, Asia and Australia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. For more information, visit www.aresmgmt.com.

About BC Partners Credit

BC Partners is a leading international investment firm with over €20 billion of assets under management in private equity and private credit. Established in 1986, BC Partners has played an active role in developing the European buy-out market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm's offices in North America and Europe. Since inception, BC Partners has completed 105 private equity investments in companies with a total enterprise value of €130 billion and is currently investing its tenth private equity fund. For more information, please visit www.bcpartners.com.

BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment and across sectors, leveraging the deal sourcing and infrastructure made available from BC Partners.
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