Fresenius Withdraws Proposal
The Vermont Department of Banking, Insurance, Securities & Health Care Administration (BISHCA) today announced that Bio-Medical Applications of New Hampshire has withdrawn its application to purchase Fletcher Allen Health Care’s outpatient dialysis clinics. Bio-Medical Applications, a for-profit company, is a wholly-owned subsidiary of Fresenius Medical Care Holdings, Inc., itself a wholly-owned subsidiary of a German corporation. The withdrawal of the application for a Certificate of Need approving the sale follows the release by BISHCA of a proposed Statement of Decision denying approval on the grounds that the sale would result in lower quality services at higher cost without any improvement in access to care.
“Bio-Medical’s decision to withdraw closes the docket in this matter,” said Clifford Peterson, BISHCA’s General Counsel. “The Department will work with Fletcher Allen to assure continued delivery of high quality outpatient dialysis treatment to Vermonters.”
Questions should be referred to Clifford Peterson at 802 828-1316.
# # #