Governance and Participation
Voting members approve Plan of Member Substitution
Special Meeting of the Membership and Acquisition by Kaiser Permanente
At the Special Meeting of the Membership March 12 we announced that members formally approved the Plan of Member Substitution, the resolution supporting Kaiser Permanente's acquisition of Group Health. The approval came by way of a vote on a Plan of Member Substitution, with 8,824 eligible members voting in support and 1,586 voting in opposition.
This approval follows the unanimous support of the Group Health Board of Trustees, the entire board of Group Health Physicians, a supportive advisory vote on Jan. 30, and endorsements by SEIU Healthcare NW 1199, SEIU 775, the Senior Caucus and more than 1,000 Group Health physicians.
View the binding mail-in ballot results
Acquisition Agreement Process
Regulatory reviews are pending, including Washington’s Office of the Insurance Commissioner, which will take some time to complete.
View the timeline, FAQs, and other details
For more information, call us toll-free at 1-855-413-1611.
Financial Fairness Opinion
Evercore Written Opinion and Related Information
In connection with its consideration of strategic alternatives, and to evaluate the fairness from a financial point of view of the proposed transaction, the Board of Trustees engaged Evercore Group, L.L.C. ("Evercore"). Evercore has rendered a written opinion to the Board of Trustees to the effect that the purchase price, as adjusted for the refundable membership fees to be paid to current Group Health members, to be paid by Kaiser to Group Health Community Foundation is fair to Group Health from a financial point of view.
The following link contains the full text of Evercore's written opinion, dated December 1, 2015, which sets forth, among other things, the assumptions made, procedures followed, matters considered and qualifications and limitations on the scope of review undertaken by Evercore in rendering its opinion. Additional important information regarding Evercore's written opinion ("Additional Information") precedes the opinion. We encourage you to read Evercore’s written opinion and the Additional Information carefully and in their entirety. The above description of the Evercore opinion is qualified in its entirety by reference to the full text of the opinion and the Additional Information.