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Bright Health to acquire Calif. healthcare services provider

Bright Health Inc. has agreed to acquire Westminster, Calif.-based Universal Care Inc.

Universal Care, which does business as Brand New Day, offers healthcare services. The company's current leadership, including Jeff Davis and Jay Davis, will become part of Bright Health's leadership team and continue to lead local market operations. Bright Health operates as a diversified consumer-focused healthcare and technology company.

The transaction is expected to close in 2020.