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Utah Insurance

Notice of Public Hearing of CVS Health Corporation’s Proposed Acquisition of Control of Aetna Health of Utah Inc.

Please take notice that the Utah Insurance Commissioner has received an application from CVS Health Corporation (“CVS Health”), a Delaware corporation, to acquire control of Aetna Health of Utah Inc. (“Aetna Health Utah”), a health maintenance organization domiciled in the State of Utah. Aetna Health Utah is an indirect wholly-owned subsidiary of, and controlled by, Aetna Inc. (“Aetna”). The acquisition of control will be accomplished pursuant to an Agreement and Plan of Merger, whereby CVS Health would acquire control of Aetna, with Aetna becoming an indirect wholly-owned subsidiary of CVS Health and a direct wholly-owned subsidiary of CVS Pharmacy, Inc., a Rhode Island corporation which is a direct wholly-owned subsidiary of CVS Health.

Pursuant to Utah Insurance Code § 31A-16-103, a public hearing before the Utah Insurance Commissioner regarding the acquisition of control of a Utah domestic insurer or health maintenance organization may be held. The public and all policyholders, enrollees, providers and other affected persons are hereby notified that a public hearing will be held regarding the acquisition of control of Aetna Health Utah by CVS Health on August 17, 2018 at 9:00 a.m. in the Snowbird Room, Room 3112 of the Utah State Office Building, 350 North State Street, Salt Lake City, Utah 84114. During the hearing, the Utah Insurance Commissioner, or his designee, will receive evidence, testimony and oral and written arguments regarding the following issues:

  1. Whether, after the acquisition of control, Aetna Health Utah would not be able to satisfy the requirements for the issuance of a license to write the line or lines of insurance for which it is presently licensed;
  2. Whether the effect of the acquisition of control would substantially lessen competition in insurance in Utah or tend to create a monopoly in insurance;
  3. Whether the financial condition of CVS Health would jeopardize the financial stability of Aetna Health Utah or prejudice the interest of its policyholders or any remaining securityholders who are unaffiliated with CVS Health;
  4. Whether the terms of the acquisition are unfair and unreasonable to the securityholders of Aetna Health Utah;
  5. Whether the plans or proposals CVS Health (if any) has to liquidate Aetna Health Utah, sell its assets, or consolidate or merge it with any person, or to make any other material change in its business or corporate structure or management, are unfair and unreasonable to the policyholders of Aetna Health Utah and are not in the public interest; and
  6. Whether the competence, experience and integrity of those persons who would control the operation of Aetna Health Utah are such that it would not be in the interest of the policyholders of Aetna Health Utah and the public to permit the merger or other acquisition of control.

See Utah Ins. Code § 31A-16-103(8).

ANY ENROLLEE, PROVIDER OR OTHER AFFECTED PERSON IS ENTITLED TO PARTICIPATE IN THE PUBLIC HEARING AND MAY RECEIVE A SUMMARY OF THE CVS HEALTH APPLICATION OR OTHER NON-CONFIDENTIAL MATERIALS ON FILE WITH THE COMMISSIONER BY SENDING A REQUEST IN WRITING AND A COPYING FEE OF $.25/PAGE TO:

Locke Lord LLP
Attn: Tim Farber
111 S. Wacker Drive
Chicago, IL 60606
(312) 443-0532 Direct
tfarber@lockelord.com

ALTERNATIVELY, ARRANGEMENTS TO REVIEW A COPY OF THE NON-CONFIDENTIAL FORM A APPLICATION MATERIALS MAY BE MADE BY CALLING DAN APPLEGARTH AT 801-538-9509.

IF YOU WISH TO PARTICIPATE IN THE PUBLIC HEARING OR ANY PROCEEDINGS PRELIMINARY TO THE PUBLIC HEARING, PLEASE NOTIFY THE COMMISSIONER IN WRITING, AT JILLWHITE@UTAH.GOV, NO LATER THAN THREE CALENDAR DAYS PRIOR TO THE HEARING THAT YOU WANT TO PARTICIPATE. FAILURE TO DO SO MAY AFFECT YOUR PARTICIPATION.

Dated this 8th day of August, 2018

Todd E. Kiser
Utah Insurance Commissioner

 

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Notice of Public Hearing of American Enterprise Mutual Holding Company and American Republic Insurance Company’s Proposed Acquisition of Control of Great Western Insurance Company

Please take notice that the Utah Insurance Commissioner has received an application from American Enterprise Mutual Holding Company, an Iowa domiciled mutual insurance holding company (“AEMHC”), and American Republic Insurance Company, an Iowa corporation (“American Republic” and, together with AEMHC, the “Applicants”), to acquire control of Great Western Insurance Company, a Utah domestic insurance company (“GWIC”). The acquisition of control will be accomplished by American Republic purchasing all of GWIC’s issued and outstanding shares of capital stock from JAMEL, Ltd., a Utah limited partnership and sole securityholder of GWIC.

Pursuant to Utah Insurance Code 31A-16-103, the acquisition of control of a Utah domestic insurer requires a public hearing before the Utah Insurance Commissioner. The public and all policyholders, enrollees, providers and other affected persons are hereby notified that a public hearing will be held regarding the acquisition of control of GWIC by the Applicants on January 26, 2018 at 10:00 a.m. in Room 3112 of the Utah State Office Building, 350 North State Street, Salt Lake City, Utah 84114. During the hearing, the Utah Insurance Commissioner, or his designee, will receive evidence, testimony and oral and written arguments regarding the following issues:

  1. Whether, after the acquisition of control, GWIC would not be able to satisfy the requirements for the issuance of a license to write the line or lines of insurance for which it is presently licensed;
  2. Whether the effect of the acquisition of control would substantially lessen competition in insurance in Utah or tend to create a monopoly in insurance;
  3. Whether the financial condition of the Applicants would jeopardize the financial stability of GWIC or prejudice the interest of its policyholders or any remaining securityholders who are unaffiliated with the Applicants;
  4. Whether the terms of the acquisition are unfair and unreasonable to the securityholders of GWIC;
  5. Whether the plans or proposals the Applicants (if any) have to liquidate GWIC, sell its assets, or consolidate or merge it with any person, or to make any other material change in its business or corporate structure or management, are unfair and unreasonable to the policyholders of GWIC and are not in the public interest; and
  6. Whether the competence, experience and integrity of those persons who would control the operation of GWIC are such that it would not be in the interest of the policyholders of GWIC and the public to permit the merger or other acquisition of control.

See Utah Ins. Code 31A-16-103(8).

ANY POLICYHOLDER, ANNUITANT OR OTHER AFFECTED PERSON IS ENTITLED TO PARTICIPATE IN THE PUBLIC HEARING AND MAY RECEIVE A SUMMARY OF THE APPLICANTS’ APPLICATION OR OTHER NON-CONFIDENTIAL MATERIALS ON FILE WITH THE COMMISSIONER BY SENDING A REQUEST IN WRITING AND A COPYING FEE OF $.25/PAGE TO:

American Republic Insurance Company
Attn: Ryan Cole
1010 N. 102nd Street
Omaha, NE 68114

ALTERNATIVELY, ARRANGEMENTS TO REVIEW A COPY OF THE NON-CONFIDENTIAL FORM A APPLICATION MATERIALS MAY BE MADE BY CALLING RYAN COLE AT (402) 496-8213.

IF YOU WISH TO PARTICIPATE IN THE PUBLIC HEARING OR ANY PROCEEDINGS PRELIMINARY TO THE PUBLIC HEARING, YOU MUST NOTIFY THE COMMISSIONER IN WRITING NO LATER THAN THREE CALENDAR DAYS PRIOR TO THE HEARING THAT YOU WANT TO PARTICIPATE. FAILURE TO DO SO MAY AFFECT YOUR PARTICIPATION.

Dated this 18th day of January, 2018

Todd E. Kiser
Utah Insurance Commissioner

 

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Notice of Public Hearing of Steward Health Care System LLC’s Proposed Acquisition of Control of Health Choice Utah, Inc.

Please take notice that the Utah Insurance Commissioner has received an application from Steward Health Care System LLC (“Steward”), a Delaware limited liability company, to acquire control of Health Choice Utah, Inc. (“Health Choice”), a Utah health maintenance organization and indirect, wholly-owned subsidiary of, and controlled by, IASIS Healthcare Corporation (“IASIS”). The acquisition of control will be accomplished in a reverse triangular merger in which IASIS will become a wholly-owned direct subsidiary of Steward, and thus the result of the transaction will be that the Steward will indirectly control Health Choice.

Pursuant to Utah Insurance Code § 31A-16-103, the acquisition of control of a Utah domestic insurer or health maintenance organization requires a public hearing before the Utah Insurance Commissioner. The public and all policyholders, enrollees, providers and other affected persons are hereby notified that a public hearing will be held regarding the acquisition of control of Health Choice by Steward on September 22, 2017 at 2:00 p.m. in Room 3110 of the Utah State Office Building, 350 North State Street, Salt Lake City, Utah 84114. During the hearing, the Utah Insurance Commissioner, or his designee, will receive evidence, testimony and oral and written arguments regarding the following issues:

  1. Whether, after the acquisition of control, Health Choice would not be able to satisfy the requirements for the issuance of a license to write the line or lines of insurance for which it is presently licensed;
  2. Whether the effect of the acquisition of control would substantially lessen competition in insurance in Utah or tend to create a monopoly in insurance;
  3. Whether the financial condition of Steward would jeopardize the financial stability of Health Choice or prejudice the interest of its policyholders or any remaining securityholders who are unaffiliated with Steward;
  4. Whether the terms of the acquisition are unfair and unreasonable to the securityholders of Health Choice;
  5. Whether the plans or proposals Steward (if any) has to liquidate Health Choice, sell its assets, or consolidate or merge it with any person, or to make any other material change in its business or corporate structure or management, are unfair and unreasonable to the policyholders of Health Choice and are not in the public interest; and
  6. Whether the competence, experience and integrity of those persons who would control the operation of Health Choice are such that it would not be in the interest of the policyholders of Health Choice and the public to permit the merger or other acquisition of control.

See Utah Ins. Code § 31A-16-103(8).

ANY ENROLLEE, PROVIDER OR OTHER AFFECTED PERSON IS ENTITLED TO PARTICIPATE IN THE PUBLIC HEARING AND MAY RECEIVE A SUMMARY OF THE STEWARD APPLICATION OR OTHER NON-CONFIDENTIAL MATERIALS ON FILE WITH THE COMMISSIONER BY SENDING A REQUEST IN WRITING AND A COPYING FEE OF $.25/PAGE TO:

Locke Lord LLP
Attn: Tim Farber
111 S. Wacker Drive
Chicago, IL 60606

ALTERNATIVELY, ARRANGEMENTS TO REVIEW A COPY OF THE NON-CONFIDENTIAL FORM A APPLICATION MATERIALS MAY BE MADE BY CALLING ERIC C. SHOWGREN AT (801) 537-9174.

IF YOU WISH TO PARTICIPATE IN THE PUBLIC HEARING OR ANY PROCEEDINGS PRELIMINARY TO THE PUBLIC HEARING, YOU MUST NOTIFY THE COMMISSIONER IN WRITING NO LATER THAN THREE CALENDAR DAYS PRIOR TO THE HEARING THAT YOU WANT TO PARTICIPATE. FAILURE TO DO SO MAY AFFECT YOUR PARTICIPATION.

Dated this 15th day of September, 2017

[SIGNED]
Brett J. Barratt, Deputy Commissioner
for
Todd E. Kiser
Utah Insurance Commissioner

 

The call-in number for the hearing is: 1-877-820-7831; passcode 827555#. If you wish to participate in the public hearing or any proceedings preliminary to the public hearing, you must notify the commissioner in writing no later than three calendar days prior to the hearing that you want to participate. Failure to do so may affect your participation.

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