Proposed Acquisition of Control of Common Ground Healthcare Cooperative

​​​​​​Last Updated: December 19, 2024

​Information on the Acquisition of Control of Common Ground Healthcare Cooperative by CareSource

On May 20, 2024, CareSource (the “Applicant"), submitted a Form A filing, in the matter of the acquisition of control of Common Ground Healthcare Cooperative (CGHC).  Pursuant to an affiliation agreement between CareSource and CGHC, CareSource will become the sole voting member of CGHC.  CareSource will acquire control through its exclusive authority to appoint all of the members of the board of directors of CGHC.  The acquisition of control will occur as outlined in the affiliation agreement dated March 28, 2024.  

As required by Wisconsin law, a Public Hearing is required concerning this application for change of control. 

Public Comment

Interested parties are encouraged to submit written comments to OCI at any time prior to the public hearing. Written comments may be emailed to OCI at: OCICompanyLicensing@wisconsin.gov. Please include the transaction title in the subject line of the email. Comments received are public record and will be posted to this webpage. 

Filings

• Transmittal Letter
  
• Form A Filing
  
• Affiliation Agreement - Redacted
  
• First Amendment to the Affiliation Agreement - Redacted
  
• Affiliation Agreement – Unredacted [CONFIDENTIAL]
• First Amended Administrative Services Agreement [CONFIDENTIAL]​
  
• Administrative Services Agreement [CONFIDENTIAL]
• Pre-Transaction Organizational Chart
  
• Post-Transaction Organizational Chart 
  
• Lists of Directors and Executive Officers of CareSource
  
• Lists of Directors and Executive Officers of CGHC
  
• Audited Financial Statements of CareSource for the Years Ended December 31, 2023 and 2022
  
• Audited Financial Statements of CareSource for the Years Ended December 31, 2022 and 2021
  
• Audited Financial Statements of CareSource for the Years Ended December 31, 2021 and 2020​
  
• Audited Financial Statements of CareSource for the Years Ended December 31, 2020 and 2019
  
• Audited Financial Statements of CareSource Management Group Co. for the Years Ended December 31, 2019 and 2018
  
• Directors and Executive Officers Biographical Affidavits [CONFIDENTIAL]
• Financial Projections of the Domestic Insurer [CONFIDENTIAL]
• Business Plan [CONFIDENTIAL]
• Confidential Supplement Cover Letter​
  
  

Hearing Documents

• Notice of Hearing Notification
  
• Notice of Hearing
  
• List of Exhibits
  
• Recommendation Memo​
  
  

Proposed Decision

• Proposed Decision Notification 
• Proposed Decision
  
• Waiver of Right to Object – Domestic Insurer
  
• Waiver of Right to Object – Applicant
  
  

Final Decision

• Final Decision Notification
  
• Final Decision​​