Last Updated: February 1, 2022
Information on the Proposed Acquisition of Control of Quartz Health Insurance Corporation, by Advocate Aurora Health, Inc., and Aurora Health Care, Inc.
On September 20, 2021, Advocate Aurora Health, Inc. (“AAH"), and Aurora Health Care, Inc. (“AHC" and together the “Applicants"), submitted a Form A filing requesting permission to acquire Quartz Health Insurance Corporation (“QHIC"). Included in the Form A filing, the Applicants also requested permission to acquire Quartz Health Benefit Plans Corporation (“QHBPC" and together the “Domestic Insurers"). QHIC owns all of the capital stock of QHBPC. The Applicants intends to acquire control of QHIC and QHBPC as a result of AHC becoming a stockholder of Quartz Holding Company (“QHC"), a Wisconsin Corporation that holds all of the capital stock of QHIC. OCI has previously reviewed the initial transaction between AHC and QHC, filed on May 1, 2020, and the related information is available on the OCI website under Proposed Acquisition of Quartz Health Plan Corporation by Advocate Aurora Health, Inc., and Aurora Health Care, Inc.
The Applicant filed the following documents with the OCI
- Biographical Affidavits for Advocate Aurora Health, Inc. and Aurora Health Care, Inc. [CONFIDENTIAL]
- Biographical Affidavits for Quartz Health Benefit Plans Corporation and Quartz Health Insurance Corporation [CONFIDENTIAL]
- Second Amendment to the Exchange Agreement [CONFIDENTIAL]
- Three-Year Financial Projections of the Domestic Insurer [CONFIDENTIAL]