Last Updated: June 17, 2020
Information on the Acquisition of Control of Quartz Health Plan
Corporation by Advocate Aurora Health, Inc., and Aurora Health Care, Inc.
On May 1, 2020, Advocate Aurora Health, Inc. (AAH) and its subsidiary Aurora Health Care, Inc. (AHC) (together the Applicants) filed a "Statement Regarding the Acquisition of Control or Merger with a Domestic Insurer" (the Form A), to acquire control of Quartz Health Plan Corporation (Quartz). The Applicants intend to acquire control of Quartz as a result of AHC becoming a member of Quartz, pursuant to an Exchange Agreement. Under the Exchange Agreement, the Applicants intend for AHC to make a contribution to Quartz in exchange for 15% of the Class A Membership Rights of Quartz. According to the Form A, the Exchange Agreement contains certain material terms; including the contemplation of three phases of increasing investment by AHC. This Form A, only addresses the first phase of investment and subsequent phases of investment will be subject to additional Form A filing requirements.
The Applicant filed the following documents with the OCI: