BALTIMORE, Jan. 17, 2017 /PRNewswire-USNewswire/
-- Evergreen Health today announced that it has finalized an
agreement with a group of investors to finance its capital needs--a
crucial step towards securing Evergreen's long-term success.
"This is an exciting day for Evergreen's members and
employees. I am very much looking forward to working with our
group of investors, who share my passion for providing Maryland residents with affordable,
high-quality health care," said Dr. Peter
Beilenson, CEO of Evergreen Health. "As a result of
this agreement, Evergreen will be in a much stronger financial
position than it has ever been. I am extremely thankful to
Governor Larry Hogan, Insurance
Commissioner Al Redmer, Senator
Ben Cardin and Congressman
Elijah Cummings. Without their
unwavering support, this agreement would never have been
completed."
"Competition in the health insurance marketplace results in
lower prices and more benefits for consumers, no matter which
health insurance company they choose. That is why this
agreement, which ensures Evergreen's role in the marketplace going
forward, is good news for all Maryland residents," said Al Redmer, Commissioner of the Maryland
Insurance Administration.
Evergreen Health Cooperative Inc., was established in 2012 to
provide high-quality, affordable, patient-centered health care in
Maryland. The company's new name
is Evergreen Health, Inc. Currently, Evergreen has 26,000
members. Its affiliate, Evergreen Health Care, operates
full-service, innovative health centers in Baltimore City, White Marsh, Columbia and Greenbelt.
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SOURCE Evergreen Health