According to a Quapaw House press release, the two companies are finalizing an agreement that will allow Quapaw to acquire PFH’s Arkansas holdings. Quapaw House is looking to retain PFH employees and transfer them into its organization.
“We desire to retain as many PFH staff members as possible and will immediately begin to extend offers,” QHI Chief Executive Officer Casey Bright said.
Quapaw House officials plan to assume operations at PFH facilities in October. The projected date of operation, according to the QHI press release, is Oct. 12.
“QHI will continue operations in the same manner as PFH is now doing and as it has been doing in the past until an integration plan is developed,” Bright said. “We are working to reach a final agreement that will allow QHI to purchase PFH assets. By doing so, we hope to continue providing quality services to the current PFH clientele, and for the dedicated PFH staff to join the QHI team.”
The acquisition comes on the heels of Preferred Family Healthcare’s announcement that it will close its Arkansas operations. The Springfield, Mo.-based health care company has been embroiled in scandals in the past several months, which have resulted in convictions and guilty pleas.
PFH provides care to approximately 5,200 patients across 47 facilities in Arkansas.
Quapaw House, Inc. is a Hot Springs-based health care facility focusing on substance abuse rehabilitation and behavioral health.