MIA Order Approving Evergreen Health, Inc to Convert to For-Profit Status
• MIA-2017-05-001 - June 14, 2017
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NOTICE OF APPLICATION OF EVERGREEN HEALTH, INC. TO CONVERT TO FOR-PROFIT ENTITY AND NOTICE OF HEARING
Pursuant to §6.5-202(a) of the State Government Article, Annotated Code of Maryland, the Maryland Insurance Administration is required to publish notice when it receives an application to acquire a non-profit health entity. On May 1, 2017, the Maryland Insurance Administration received an application relating to the acquisition of Evergreen Health, Inc.
The parties wishing to acquire Evergreen Health, Inc. are:
• JARS Health Investments, LLC
• Anne Arundel Health System, Inc.
• LBH Evergreen Holdings, LLC
A general description of the contents of the application: Evergreen Health, Inc. (Evergreen Health) seeks to convert to a for-profit entity under Title 6.5 of the State Government Article. After the conversion, the for-profit Evergreen Health entity will be acquired pursuant to §7-304 of the Insurance Article by JARS Health Investments, LLC, Anne Arundel Health System, Inc., and LBH Evergreen Holdings, LLC.
The Maryland Insurance Administration is required to hold a public hearing relating to the application. The hearing will be held from 9 am to 1 pm on June 7, 2017 (June 13, 2017 is scheduled as an additional date for the hearing, if needed) at the Maryland Insurance Administration, 200 St. Paul Place, 24th Floor, Hearing Room, Baltimore, MD 21202.
Interested parties are invited to attend the hearing and/or provide written comments. Written comments should be sent to S. Lynn Beckner, Chief Financial Analyst, either by email to
Evergreen.MIA@Maryland.gov or by mail to Examination & Auditing Unit, Maryland Insurance Administration, 200 St. Paul Place, Suite 2700, Baltimore, Md. 21202 or by fax to 410-468- 2101. Deadline for submission of written comments regarding this application is June 7, 2017.
Any questions regarding this matter should be directed to Lynn Beckner either by email to
Evergreen.MIA@Maryland.gov or by mail to Examination & Auditing Unit, Maryland Insurance Administration, 200 St. Paul Place, Suite 2700, Baltimore, Md. 21202 or by fax to 410-468- 2101.
Evergreen Health Conversion Application
Form A Complete Package
- Cover Letter
- Application
- Exhibit 1: Evergreen Health, Inc. Stock Purchase Agreement
- Exhibit 2: Organizational Lists
- Exhibit 7: JARS Health Investments, LLC Audited Financial Statement
- Exhibit 8: JARS Health Investments, LLC Unaudited Financial Statement
- Exhibit 9: Anne Arundel Health System, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2016 and 2015
- Exhibit 10: Anne Arundel Health System, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2015 and 2014
- Exhibit 11: Anne Arundel Health System, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2014 and 2013
- Exhibit 12: Anne Arundel Health System, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2013 and 2012
- Exhibit 13: Anne Arundel Health System, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2012 and 2011
- Exhibit 14: Anne Arundel Health System, Inc. Unaudited Financial Statement
- Exhibit 15: Lifebridge Health, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2016 and 2015
- Exhibit 16: Lifebridge Health, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2015 and 2014
- Exhibit 17: Lifebridge Health, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2014 and 2013
- Exhibit 18: Lifebridge Health, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2013 and 2012
- Exhibit 19: Lifebridge Health, Inc. Consolidated Financial Statements and Supplementary Information Years ended June 30, 2012 and 2011
- Exhibit 20: Lifebridge Health, Inc. Consolidated Results of Operation for the Eight Months Ended February 28, 2017
- Exhibit 21: LifeBridge Health, Inc. Annual Report and Community Benefit Summary for 2015
- Exhibit 22: LifeBridge Health, Inc. Annual Report and Community Benefit Summary for 2014
Prefiled Written Testimony - June 7, 2017 Public Hearing
