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1 IN THE MATTER OF APPLICATION BY HORIZON HEALTHCARE SERVICES, INC TO FORM A MUTUAL HOLDING COMPANY PURSUANT TO N.J.S.A. 17:48E-46.1 -- rank: 1000

... SERVICES, INC., TO FORM A MUTUAL HOLDING COMPANY PURSUANT TO N.J.S.A. 17:48E-46.1. ______________________________ Argued May 1, 2023 — Decided May 31, 2023 ... holding company (MHC), pursuant to P.L. 2020, Chapter 145, N.J.S.A. 17:48E-46.1 to -46.17 (Chapter 145). Chapter 145 defines an ... pursuant to a plan of A-1121-22 2 reorganization . . . .' N.J.S.A. 17:48E-46.2.1 Prior to the reorganization, HHSI owned its subsidiaries ... provide a mechanism for HHSI to reorganize as an MHC. N.J.S.A. 17:48E-46.1. The Legislature explained its intent as follows: It is ... institution [pursuant to N.J.S.A. 17:48E- 41]. [N.J.S.A. 17:48E-46.1(a).] 1 An MHC is '[a] corporate structure that ... further innovation[,] as well as improvement and diversification of services.' N.J.S.A. 17:48E-46.1(e), (f). Among Chapter 145's most significant ...

docket:	a1121-22
court:	NJ Superior Court Appellate Division
decided:	2023-05-31
status:	Unpublished
citation:
Document Size:	76854