Proposed Acquisition of Control of Quartz Health Insurance Corporation by Bellin Gunderson Health Systems, Inc.

​​​Last Updated: July 7, 2023

Information on the Acquisition of Control of Quartz Health Insurance Corporation

On January 13, 2022, Bellin Gundersen Health System, Inc. (“Bellin Gundersen", “BGHS", and the “Applicant"), submitted a Form A filing, as required in the stipulation and order, in the matter of the acquisition of control of Quartz Holding company and Quartz Health Plan Corporation by Bellin Gundersen Health System, Inc., dated December 1, 2022.  As a result of the merger between Bellin Health Systems (“Bellin") and Gundersen Lutheran Health System, Inc. (“Gundersen"), the newly formed corporate entity Bellin Gundersen would gain controlling interests in Wisconsin regulated entities Quartz Health Plan Corporation (“QHPC"), Quartz Health Insurance Corporation (“QHIC"), and Quartz Health Benefit Plans Corporation (“QHBP", and together with QHPC and QHIC the “Domestic Insurers").  The acquisition of control will occur as outlined in the combination agreement dated July 29, 2022, between Bellin and Gundersen.  

The applicants filed the following documents with the OCI

• Transmittal Letter 
  
• Form A Filing 
  
• Acquisition Agreement – Redacted [UNDER REVIEW]   
• Acquisition Agreement – Unredacted [CONFIDENTIAL]
• Post-Transaction Organizational Chart 
  
• Directors and Executive Officers for Quartz 
  
• Proposed Directors and Executive Officers for BGHS, Trustees and Executive officers for Gunderson, and Directors and Executive Officers of Bellin 
  
• Proposed Corporate Members of BGHS 
  
• Directors and Executive Officers Biographical Affidavits [CONFIDENTIAL]
• 5 Years of Historical Audited Financial Statements for Gundersen 
  
• Q3 2022 Unaudited Financial Statements for Gundersen [CONFIDENTIAL]
• 5 Years of Historical Audited Financial Statements for Bellin​ 
  
• Q3 2022 Unaudited Financial Statements for Gundersen [CONFIDENTIAL]
  
• Financial Projections of the Domestic Insurer [CONFIDENTIAL]
• Business Plan of the Domestic Insurer [CONFIDENTIAL]

Hearing Documents

• ​Notice of Hearing Notification
  
• Notice of Hearing
  
• List of Exhibits
  
• Recommendation Memo​
  
• Prehearing Testimony - Applicant
  

Proposed Decision

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

• Final Decision Notification
  
• Final Decision​​