RALEIGH, N.C., March 20, 2018 (GLOBE NEWSWIRE) -- Carolina Complete Health Network, Inc. (CCHN), a company formed to build and support a patient-focused, physician-led Medicaid health network, today announced that it has commenced an offering of up to 20,000 shares of its Class P Common Stock, $0.01 par value per share, pursuant to Regulation A of the Securities Act of 1933, as amended. CCHN is offering one, but not more than one, share of Class P Common Stock, for a subscription price per share of $750, solely to physicians, physician assistants and nurse practitioners licensed or approved to practice, as applicable, in North Carolina who (i) participate in CCHN’s provider network, (ii) reside in North Carolina, Georgia, South Carolina, Tennessee or Virginia and (iii) meet certain other eligibility criteria.
CCHN intends to use 45 percent of the net offering proceeds to help fund CCHN’s portion of the initial capitalization of a joint venture company formed with Centene Corporation and the remainder for general working capital purposes.
The offering is being made only by means of an Offering Circular filed as part of a qualified offering statement filed with the Securities and Exchange Commission on Form 1-A. A copy of the Offering Circular may be obtained from Investor Relations at Carolina Complete Health Network, Inc., 222 N. Person Street, Suite 010, Raleigh, North Carolina 27601 or by emailing firstname.lastname@example.org. The Offering Circular is also available on CCHN’s website at cch-network.com/invest-in-cchn/sec-filings.html.
The shares of Class P Common Stock are being offered for purchase exclusively through CCHN’s website, www.cch-network.com/invest-in-cchn.html, and on the Folio Investing online investment platform at www.folioinvesting.com. Folio Investing’s sister brand, VIA Folio, provided the subscription, closing and custody technology to make CCHN’s offering available online.
About Carolina Complete Health Network, Inc. (CCHN)
CCHN is a subsidiary of the North Carolina Medical Society (NCMS) formed for the purpose of establishing, building and maintaining a physician-led network of providers to serve Medicaid beneficiaries in North Carolina. CCHN will furnish provider network services to a new, NC-based health plan, Carolina Complete Health, to serve Medicaid beneficiaries with value-based models-of-care. This new health plan is the result of a collaboration of NCMS, the North Carolina Community Health Center Association, and Centene Corporation to provide a patient-focused approach to Medicaid under the reform plan enacted in the State of North Carolina.
About VIA Folio
VIA Folio powers the offering process, subscription, closing, custody, and distribution of alternative assets such as private debt and equity, REITs, IPOs and hedge funds. We make it possible for advisors and investors to create more diversified portfolios by holding multiple alternative and publicly traded securities in a single taxable or tax-deferred brokerage account. www.viafolio.com
This communication contains forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect” or the negative or plural of these words or similar expressions. These forward-looking statements include, but are not limited to, statements concerning the joint venture company, the proposed health plan and our expectations about the use of proceeds. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, among other things, satisfaction of the conditions to closing of the joint venture transaction. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this communication may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Except as required by law, neither CCHN nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. CCHN undertakes no obligation to update publicly any forward-looking statements for any reason after the date of this communication to conform these statements to actual results or to changes in our expectations.
Investing in shares of Class P Common Stock of CCHN involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment will be illiquid for an indefinite period of time. The shares are non-transferable, and a liquid market for the shares is not expected to develop. Additional information concerning risk factors related to the offering can be found in the Offering Circular, which is available on CCHN’s website at cch-network.com/invest-in-cchn/sec-filings.html.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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Source:Carolina Complete Health Network, Inc.