CareOregon leaders stood to win big, but a review said the public interest would suffer if the nonprofit merged with California-based SCAN Group. Proponents don't agree.
CareOregon has grown rapidly and of late has drawn scrutiny for high profits. Though its leadership says its financial success may not last, critics don’t want control of the nonprofit’s $1 billion portfolio of cash and investments to leave Oregon
Jan 13
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Pictured: the North Albany building of The Corvallis Clinic, P.C.
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COURTESY OF THE CORVALLIS CLINIC, P.C.
Advisory committee says Oregon should reject the absorption of the low-income care provider by a California entity unless clear information is provided
Oregon advisory committee will consider a draft recommendation saying the nonprofit’s absorption into a California entity could harm low-income Oregonians and shouldn’t be approved
Details on potential effects of the pending deal remain hazy as a California nonprofit Medicare insurer moves toward absorption of a major provider of health care to low-income Oregonians
California-based SCAN Group would absorb the nonprofit that oversees health care for 500,000 low-income Oregonians, but many details have not been disclosed to the public