Maryland regulators suspend Evergreen Health from market as investor seeks to save it

The Maryland Insurance Administration issued an administrative order on Thursday prohibiting Evergreen Health from making any future payments or transfers of assets without prior approval — essentially barring the company from selling insurance in the state. The order follows an announcement late Wednesday of the failure of a planned acquisition deal for the carrier.

The potential acquirers for the Baltimore insurer included Anne Arundel Health System, LifeBridge Health and JARS Health Investments…

from https://www.bizjournals.com/baltimore/news/2017/07/27/maryland-regulators-suspend-evergreen-health-from.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/163490475687

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Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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