Here’s what you should know.
1. The co-op needed the deal to remain in business.
2. If the deal goes through, five of the original 23 co-ops will remain.
3. Evergreen covers 38,000 people in Maryland.
4. The Maryland Insurance Administration and the Centers for Medicare and Medicaid Services must approve any acquisition.
5. The deal could close in the first quarter of next year.
6. Evergreen had reported a profit in the past, but insurance rules requiring it to make a $24 million risk-adjustment payment was its downfall.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.