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Wisconsin co-op secures funding to continue operations

Common Ground HealthcareCooperative has secured an unspecified amount of funding from a privatesource to remain in business in 2017, the MilwaukeeBusiness Journal reported.

CEO Cathy Mahaffey told the news outlet that the company is prohibitedfrom disclosing the amount and source of the funding under a nondisclosure agreement.The company obtained the capital to meet the regulatory threshold, Mahaffey said.

The capital infusion will allow the company to continue to offerindividual policies on the Affordable Care Act marketplaces in southeast Wisconsinand the Fox Valley, according to the report.

The company owes $107.7 million to the federal government andexpects to pay back the loans "in the very near future," the news outletquoted Mahaffey as saying.