Hearing Scheduled for January 19, 2005
Pursuant to Massachusetts General Laws, Chapter 176G, § 27, an application has been made to the Massachusetts Commissioner of Insurance by Health Insurance Plan of Greater New York ("HIP-NY") and its wholly owned subsidiaries, HIP Holdings, Inc. and Hydrogen Subsidiary, Inc. (collectively, the "Applicants") for approval of a proposal to acquire control of ConnectiCare of Massachusetts, Inc. (the "HMO"), a Massachusetts domiciled stock corporation.
The Applicants propose to acquire control of the HMO pursuant to the terms and conditions of an Agreement and Plan of Merger dated as of June 22, 2004 by and among ConnectiCare Holding Company, Inc., a Connecticut corporation, and HIP-NY, a New York not-for-profit corporation, Hydrogen Subsidiary, Inc., a Connecticut corporation formed for the purpose of effecting the proposed transaction, and TC Group, L.L.C., a Delaware limited liability company.
The application for the proposed acquisition of control is available for public inspection at the Division of Insurance, 4th Floor, One South Station, Boston, Massachusetts 02110, under Docket No. F-2004-02.
A public hearing will be conducted pursuant to Massachusetts General Laws Chapter 176G, § 27, to determine whether to approve the proposed acquisition of control. The hearing will commence on January 19 at 10:00 a.m. at the Division of Insurance, Hearing Room A, One South Station, Fifth Floor, Boston, Massachusetts, 02110-2208.
The purpose of this hearing is to afford the Applicants, the HMO, persons to whom the Division sends notice, and all persons whose interests may be affected by the acquisition of control the opportunity to present evidence, examine and cross-examine witnesses, and offer oral and written arguments in connection therewith. Pursuant to M.G.L. c. 176G, § 27 (d)(2), the hearing is further designed to afford such parties the opportunity to conduct discovery proceedings in the same manner as in the Superior Court Department of the Trial Court. All discovery proceedings shall be concluded no later than three days prior to the commencement of the public hearing.
Any person to whom this Notice was sent or whose interest may be affected by the proposed transaction and who wishes to participate in the hearing in the above manner must submit to the Division a Notice of Intent to Participate no later than three days prior to the commencement of the public hearing. Those claiming an interest must specify both the person's basis for the asserted interest as well as whether he or she intends to make an oral statement, present evidence or to cross-examine. If the Commissioner determines that such person has a statutory interest in the transaction, he or she will be allowed to participate at the hearing following the Applicants and the HMO and before any other persons to whom the Division sent this Notice. Written argument may be submitted at any time prior to the conclusion of the hearing, subject to the above determination of statutory interest. All submissions must be sent to the Docket Clerk at the Division of Insurance, One South Station, Boston, MA 02110 and must refer to Docket No. F-2004-02.
December 22, 2004