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Clear One sale a windfall

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High Five
Thursday, March 11, 2010

St. Charles hospitals in Bend and Redmond could share over $7.6 million in proceeds if the sale of Clear One Health Plans Inc. is approved.

The sale has yet to be finalized, and it hasn't been determined yet how the proceeds will be used by the hospitals.

Eugene-based PacificSource Health Plans announced in December it would acquire Bend-based Clear One, offering $26 per share for a deal worth roughly $44.4 million. Clear One, which provides health insurance to 40,000 members in Oregon and Montana, has roughly 140 employees, the majority of whom are in Bend.

The St. Charles hospitals are owned by Cascade Healthcare Community, based in Bend.

Read the full story at The Bulletin.

{biztweet}St. Charles Clear One{/biztweet}

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