American Health Care Providers, Inc.
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Welcome to the webpage for
American Health Care Providers, Inc.. On May 11, 2000, American Health Care Providers, Inc. was ordered into liquidation, and
the Director of Insurance was affirmed as Receiver. By Illinois
law, the Director may appoint a Special Deputy Receiver to administer
the receivership. By power of attorney, Patrick D. Hughes is the
Special Deputy Receiver to Director Michael T. McRaith, and the Office of the Special Deputy Receiver
handles the day-to-day administration of the liquidation proceedings
under the direction of the Special Deputy, subject to the ultimate
authority of the Director and to court supervision. Here is
additional information on American Health Care Providers, Inc: |
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| Liquidation Date: | May 11, 2000 |
| Claim Filing Deadline: | November 12, 2001 |
| Contingent Claim Deadline: | N/A |
| Docket Number: | 00 CH 01689 |
| Related Documents: | |
Financial Statements and Independent Auditors' Report 2008 |
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| Good Faith Estimate: | |
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Based upon our best estimates and barring any unforeseen circumstances, the Special Deputy Receiver anticipates closing this estate in the first or second quarter of 2010. A final, partial dividend distribution within the range of 63% to 67% is anticipated on claims allowed at policyholder priority level (d) of the Illinois statutory distribution scheme. These good faith estimates are based upon information available and the circumstances known at the time that they were made. Before relying on these estimates in making any decisions , be aware that the underlying facts and circumstances upon which they are based are subject to change. (Posted 12/01/2009). | |
| Historical Data: | |
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An Order of Conservation was entered against American Health Care Providers, Inc. and its affiliate American Unified Life and Health Company on February 2, 2000, by the Circuit Court of Cook County, Illinois. An Order of Liquidation with a Finding of Insolvency was entered on May 11, 2000, after a trial on the Director’s liquidation complaint. The company was incorporated on October 30, 1982 and certified as a Health Maintenance Organization (HMO) on January 13, 1984. American Health Care Providers was a wholly owned subsidiary of the First American Group of Companies. The claim filing deadline was November 21, 2001. Early access distributions totaling $5,720,753 have been made to the Illinois HMO Guaranty Association for administrative expenses and claim benefits. Last updated March 2010 |
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