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InsideArbitrage Potential Deal Alert: GoHealth (GOCO) Confirms Receipt of Unsolicited Acquisition Proposal From Centerbridge Partners and NVX Holdings

  • May 21, 2023

POTENTIAL DEAL DETAILS

StockGoHealth, Inc.SymbolGOCO
Date Announced05/19/2023Source Press Release
TypeUnsolicited BidAcquiring Company/Person Centerbridge Partners and NVX Holdings

GoHealth (GOCO), a health insurance marketplace and Medicare-focused digital health company, as noted in a recent 13D filing, has received a proposal for cash consideration of $20 per share or unit from its two largest shareholders Centerbridge Partners and NVX Holdings to acquire all of the outstanding Class A Common Stock and LLC Interests that these shareholders do not already own.

Update:

May 23, 2023: GoHealth, Inc. (GOCO) announced that its Board of Directors established a special committee of the Board to consider a proposal.

August 10, 2023: The Special Committee of the GoHealth Board of Directors informed the company that it has rejected the previously announced $20.00 per share unsolicited, non-binding proposal received on May 18, 2023. The Special Committee concluded that the Proposal significantly undervalues the company and is not in the best interests of GoHealth or its stockholders.

August 25, 2023:  According to a 13D/A filing GoHealth (GOCO) The investor group, which includes founding stockholders and Centerbridge Partners, withdrew its $20 per share takeover offer.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.