In January of this year, DCIPA, LLC (a for profit private company owned by your local doctors) announced its joint venture with Mercy Medical Center (a non-profit Catholic Health Initiative charity). As part of this joint venture, DCIPA offered to bring to the partnership their share of ownership in the Medicare Advantage Plan, ATRIO. Because ATRIO is regulated by the state Insurance Division, they must hold a public hearing to decide if this acquistion complies with applicable laws and is in the best interest of the community.
This hearing is going to be held this coming Monday, April 22, 2013 from 11 am to 12 pm at Mercy Medical Center. Information about the meeting, as well as links to the Insurance Division website where you can read the proposal submitted by DCIPA and Mercy regarding this acquisiton is set out below.
If you are interested in the quality of heath care in our community, you should attend, even if you don't have Medicare or ATRIO because there are implications in this partnership that will impact every heatlh care consumer in our community.
Copy of Public Hearing Notice:
"Notice of Public Hearing
Before the Insurance Commissioner of the State of Oregon
Department of Consumer and Business Services
In the matter of the Acquisition of Shares of ATRIO Health Plans, Inc., by
Architrave Health, LLC
11:00 a.m. to 12:00 p.m. Monday, April 22, 2013
Mercy Medical Center
2700 Stewart Parkway Roseburg, Oregon Conference Rooms A and B
Architrave Health, LLC, jointly owned by Douglas County Individual Practice Association, Inc. (DCIPA) and Mercy Medical Center, Inc (Mercy), is proposing to acquire the approximately 30 percent of ATRIO Health Plans, Inc. (ATRIO) that is currently owned by DCIPA. ATRIO holds an insurance license and has a Medicare Advantage contract with the Centers for Medicare and Medicaid Services, whereby it operates various Medicare Advantage Plans and provides Medicare covered health care benefits to qualified Medicare beneficiaries in Douglas County, Oregon. The purpose of the hearing is to permit public comment on the proposed transfer of stock.
A copy of the Form A may be examined at the administrative offices of Architrave Health, LLC, 1813 West Harvard, Suite 448, Roseburg, or at the offices of the DCBS Insurance Division, 350 Winter Street NE, Room 440, Salem. The Form A is also available on the Insurance Division’s web site at the following link: http://www.cbs.state.or.us/ins/insurer/financial_regulation/acquisition-merger.html
Written comments about the proposed acquisition of stock must be received by 5:00 p.m. on April 26, 2013. Comments should be sent to Russell Latham, Financial Regulation Section, Oregon Insurance Division, P. O. Box 14480, Salem, OR 97309-0405"
Link to Insurance Division Info re Acquistion-Merger:
Go to the above website and you will see:
Acquisitions/mergers–Form A filings