Evergreen Health Cooperative is going private after facing an extreme financial struggle this year that threatened its future.
CEO Peter Beilenson said the company’s board of directors voted unanimously Monday to allow the company to be acquired by an outside bidder. The bidder will be officially announced in November, he said, after Evergreen completes a conversion process to for-profit status.
The carrier has operated as a nonprofit since 2012 and was profitable until June 30 this year. Beilenson…
Evergreen Health Cooperative is going private after facing an extreme financial struggle this year that threatened its future.
CEO Peter Beilenson said the company’s board of directors voted unanimously Monday to allow the company to be acquired by an outside bidder. The bidder will be officially announced in November, he said, after Evergreen completes a conversion process to for-profit status.
The carrier has operated as a nonprofit since 2012 and was profitable until June 30 this year. Beilenson…