WASHINGTON - District of Columbia officials say they're in final negotiations to sell a company that provides health care to needy city residents.
D.C. Insurance Commissioner William White tells The Washington Post ( http://tinyurl.com/csgm9qc) that a letter of intent has been signed between Chartered Health Plan and AmeriHealth Mercy. Philadelphia-based AmeriHealth confirmed the talks.
Chartered has the largest contract in district government and manages the care of about 110,000 people. It's owned by Jeffrey Thompson, a businessman who's suspected of funneling more than $650,000 in illicit funds to the 2010 campaign of Mayor Vincent Gray. Federal authorities searched Thompson's home and office in March. He has not been charged.
The company was placed into receivership in October, when city officials disclosed millions of dollars in irregularities in its financial statements.
Information from: The Washington Post, http://www.washingtonpost.com
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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