Office of Insurance
ACQUISITION OF CHA BY HUMANA TOPIC OF APRIL 13 HEARING

Press Release Date:  Thursday, March 30, 2006  
Contact Information:  Ronda Sloan
502-564-6098
 


News Release
 
ACQUISITION OF CHA BY HUMANA TOPIC OF APRIL 13 HEARING
Impact on health insurance market to be considered

 
FRANKFORT, Ky. (March 30, 2006) – A formal administrative hearing has been set for Thursday, April 13, to discuss the proposed purchase of CHA Health, of Lexington, by Humana Health Plan Inc., of Louisville.

The hearing, which is open to the public, will begin at 9 a.m. EDT in the hearing room at the Kentucky Office of Insurance (KOI), 215 W. Main St., Frankfort. Visitors will need to sign in at the front desk.

According to executive director Glenn Jennings, KOI staff will complete an extensive review and analysis of the transaction prior to the hearing. Issues addressed at the hearing will include the nature of the transaction, qualifications of management and the impact such an acquisition would have on the health insurance market, Jennings said.

KOI does not discriminate on the basis of race, color, religion, sex, national origin, sexual orientation or gender identity, ancestry, age, disability or veteran status and provides, upon request, reasonable accommodations necessary to afford an individual with a disability an equal opportunity to participate in all services, programs and activities. Anyone who requires special accommodations should contact Jane P. Wingate at 502-564-7312 at least one week prior to the date of the hearing.

-30-