Advanzeon Solutions, Inc. (OTCMKTS:CHCR) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01 Change in Registrant’s Certifying Accountant
On December 19, 2016, the Company and Isdaner & Company, LLP (“Isdaner”) mutually agreed to terminate their relationship and the Company accepted their resignation. On the same date, the Audit Committee of the Board of Directors of the Company unanimously recommended and authorized the engagement of Louis Plung & Company, LLP (“Louis Plung”) to serve as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements for the 2013, 2014 and 2015 fiscal years. The appointment is effective December 19, 2016. Isdaner issued no audit report on the Company’s consolidated financial statements having only been appointed on November 7, 2016.
The Company provided Isdaner with a copy of this Form 8-K Report prior to its filing with the U.S. Securities and Exchange Commission (“Commission”) and requested that Isdaner furnish the Company with a letter addressed to the Commission stating whether it agrees with the statements made by the Company in response to Item 304(a) of Regulation S-K and, if not, stating the respects in which it does not agree. A copy of Isdaner’s letter dated December 21, 2016, is attached as Exhibit 16.1 to this Form 8-K.
Prior to the engagement of Louis Plung neither the Company nor anyone on its behalf consulted Louis Plung regarding, (i) the application of accounting principles to a specific transaction, either completed or proposed or the type of audit opinion that might be rendered on the Company’s consolidated financial statements and no written report or oral advice was provided by Louis Plung to the Company that Louis Plung concluded was an important factor considered by the Company in reaching a decision as to accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a disagreement (as described in Item 304(a)1)(iv) of Regulation S-K and related instructions) or a reportable event (as described in Item 304(a)(1)(iv) of Regulation S-K).
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit 16.01 Letter from Isdaner & Company, LLC.
About Advanzeon Solutions, Inc. (OTCMKTS:CHCR)
Advanzeon Solutions, Inc. provides managed care services in the behavioral health substance abuse, and pharmacy management fields. The Company provides these services to commercial, Medicare, Medicaid and Children’s Health Insurance Program (CHIP) health plans, as well as self-insured companies and unions. Its managed care operations include administrative service agreements, fee-for-service agreements, and capitation contracts. The behavioral health and substance abuse services provided through its provider network include outpatient programs, intermediate care programs and inpatient and crisis intervention services. It has a network of approximately 38,000 contracted providers in the areas of psychiatrists, psychologists, therapists, other licensed healthcare professionals, psychiatric hospitals, general medical facilities with psychiatric beds, residential treatment centers and other treatment facilities. Advanzeon Solutions, Inc. (OTCMKTS:CHCR) Recent Trading Information
Advanzeon Solutions, Inc. (OTCMKTS:CHCR) closed its last trading session 00.0000 at 0.0650 with 30,000 shares trading hands.