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Friday Health Plans signs $50M funding deals

Denver-based Friday Health Plans Inc. entered into agreements that will inject the company with up to $50 million of funding.

Leadenhall Capital Partners LLP and Peloton Equity LLC will provide the funding, which will be used for Friday Health Plans' expansion in Colorado and into new markets.

The funding is anticipated to close within 45 days from Dec. 10, subject to regulatory approval and satisfaction of certain closing conditions.