Conway Regional Health System begins discussions with St. Vincent for partnership
The Conway Regional Health System Board of Directors announced today that it plans to enter into exclusive strategic affiliation discussions with St. Vincent Health System of Little Rock,.It's anticipated that the organizations will form a partnership to strengthen their market presence and enhance quality. Officials say this will not be a sale or acquisition. Both St. Vincent and Conway Regional will retain their autonomy, individual identities and separate corporate governance structures. In October of 2013, the Conway Regional Health System board announced its intention to explore strategic affiliation proposals from various health care organizations. Proposals were presented from numerous organizations and after months of review, St. Vincent was chosen.It's expected to take several months of further discussions and negotiations before a final agreement can be reached.