SCHEDULE: StepStone Exits NeueHealth Stake at $7.33/Share
Schedule 13D Amendment
StepStone Group and its affiliates have ceased to be beneficial owners of NeueHealth, Inc. common stock following a business combination that converted their shares into cash at $7.33 per share.
Summary
- StepStone Group LP and its affiliated entities (the "Reporting Persons") are no longer beneficial owners of more than five percent of NeueHealth, Inc. Common Stock.
- On October 2, 2025, all shares of Common Stock held by the Reporting Persons were canceled and extinguished.
- The shares were automatically converted into the right to receive cash in an amount equal to $7.33 per share.
- This conversion was in connection with NeueHealth, Inc.'s previously announced business combination.
Sentiment
Score: 5
Explanation: The filing is a factual report of a completed transaction where reporting persons exited their stake, thus presenting a neutral sentiment regarding future prospects for the reporting entity's stake.
Positives
- Reporting Persons successfully exited their investment in NeueHealth, Inc. at a fixed cash price of $7.33 per share.
- The exit provides liquidity to the Reporting Persons from their investment.
Negatives
- Reporting Persons no longer hold an equity stake in NeueHealth, Inc., limiting potential future upside from the company's performance.
Future Outlook
This filing reports a completed past event and does not contain any forward-looking statements or guidance regarding NeueHealth, Inc. or the Reporting Persons' future investment strategies.
Industry Context
This filing represents a standard reporting requirement for an institutional investor (StepStone Group, a private markets firm) exiting a significant equity position in a healthcare company (NeueHealth, Inc.) due to a corporate action, specifically a business combination. Such exits are common in the private equity and venture capital industry as part of their investment lifecycle.
Stakeholder Impact
- Shareholders (Reporting Persons): Received cash for their equity holdings, realizing their investment in NeueHealth, Inc.
Key Dates
| Date | Description |
|---|---|
| 10/02/2025 | Date of event requiring the filing, when shares were canceled and converted to cash due to a business combination. |
| 10/06/2025 | Date the Schedule 13D Amendment was signed and filed. |
Keywords
NeueHealth, StepStone, Schedule 13D, beneficial ownership, business combination, equity exit, common stock
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