Let the Good Time Roll – 2Q19 In Review…

Accelerating out of 2Q19, both the S&P 500 and Nasdaq indices hit all-time highs, trading at close to 19.8x trailing earnings. Last week the U.S. Bureau of Economic Analysis announced that GDP increased 2.1% for the quarter, and while a marked decline from the prior quarter, it was still a reasonably compelling figure. Interestingly, consumer spending which accounts for approximately 70% of the activity, increased 2.9% in the quarter (although credit card delinquencies are up 22% since 2015).

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Flare Capital Raises Its “Series B” …

This week we announced the close of Flare Capital Partners II, L.P. with a total of $255 million of committed capital.

This fund is considerably larger than our prior fund, which in large measure reflects what continues to be an extraordinary market opportunity as the “business of healthcare” is transformed. Industry dynamics today demand innovative business models and novel technologies that will leverage advanced analytics and mobility to enable value-based healthcare.

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Bright Health Announces Expansion Across Ten Markets

Bright Health announced today it intends to offer its Care Partner Health Plans in nine new markets across four states in 2019 as well as a product market expansion in Phoenix, AZ. Spanning both Individual & Family (IFP) and Medicare Advantage (MA) plans, consumers in Arizona (Phoenix, Tucson), Ohio (Cincinnati, Springfield, Youngstown, Toledo), Tennessee (Knoxville, Nashville, Memphis) and New York City will now have access to Bright Health's unique model of integrated and affordable care.

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