Posted 3/10/2014 12:00 am
Updated 9 months ago
You may recall that back in January it was reported that Catholic Health Initiatives of Denver, the parent company of St. Vincent Health System of Little Rock, was in talks to buy some or all of QualChoice of Little Rock.
Well, the deal with the insurance carrier is “close,” according to our insurance source. Although a date hasn’t been set to finalize the sale, it should be wrapped up by the end of this week.
Not many details of the transaction were available last week.
But back in January, Michael Stock, president and CEO of QualChoice, said “Our existing shareholders are having ongoing discussions about how best to structure their ownership interests so that it’s in the best interest of QualChoice going forward.
“I can’t really talk about the details of the conversations that might be going on while they are in progress,” he said.
St. Vincent is a shareholder of QualChoice, an Arkansas-based health insurance carrier. Other shareholders include Arkansas Children’s Hospital and the University of Arkansas for Medical Sciences.