CHI Nears Acquisition of Arkansas Health Plan

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A subsidiary of Englewood, Colo.-based Catholic Health Initiatives has reached an agreement to acquire QualChoice Holdings, a health insurer based in Little Rock, Ark.

Talks of a potential takeover surfaced in January. QualChoice, a licensed HMO in all 75 Arkansas counties, has been partially owned by several providers since the late 1990s, including CHI's St. Vincent Health System in Little Rock.

The deal requires approval from the Arkansas Insurance Department. CHI and QualChoice executives said there will be no changes to the provider network or members if and when the state approves the transaction.

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