Wednesday, January 18, 2017

Evergreen finalizes deal with investors, leaves co-op status behind

Evergreen Health Cooperative announced late Monday it has finalized a deal with a group of investors, a move the insurer said is vital for its future. Under the deal, the company will be renamed Evergreen Health Inc. The company decided to bring on investors and become a for-profit business in October last year, after experiencing extreme financial stress as a health cooperative — one of the last co-ops still operating in the country. Evergreen has not named the investors. Evergreen CEO Peter…



from http://www.bizjournals.com/baltimore/news/2017/01/18/evergreen-finalizes-deal-w-investors-leaves-coop.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/156039498012

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