BALTIMORE, Dec. 8, 2016 /PRNewswire-USNewswire/ -- In response to a press release issued today by the Maryland Insurance Administration, Dr. Peter Beilenson, CEO of Evergreen Health, issued the following statement:
"Our conversion from a non-profit co-op to a for-profit company is moving forward. We have a very strong group of investors and are working closely with federal and state regulators to craft a deal that will close sometime in the first half of 2017. Right now, we continue to sell to small and large groups. When the conversion is done, Evergreen will be in a much stronger financial position than we have ever been and, as a result, even better able than before to provide the high-quality, affordable services that our members have come to expect from us."