Saturday, January 23, 2021

Receiver Appointed for Quapaw House

Must Read

Watch: Hank Aaron and His...

Hank Aaron and His...

Arkansas Advocates 2021 L...

This was a short we...

Watch: At the Movies: ...

Michael Cook revie...

A receiver was appointed last week to take control of the troubled Quapaw
House Inc. of Hot Springs. The Levi Hospital System was named Tuesday as the receiver and will be paid a flat monthly fee of $50,000, according to court documents filed in Garland County Circuit Court.


As reported last week, Malvern National Bank requested the receiver for Quapaw House. In court filings, the bank accused Quapaw House of misrepresenting its financial condition in order to get loans last year, and demanded the immediate repayment of $1.5 million. If you recall, Quapaw House, which provides alcohol and drug treatment services, acquired the Arkansas assets of scandal-plagued Preferred Family Healthcare a year and a half ago, after multiple PFH executives — including Rusty Cranford of Rogers — were convicted of embezzlement and corruption. The nonprofit center is also facing a federal lawsuit by a midlevel manager who is seeking class-action status for about 200 employees who haven’t been paid since February. As of Thursday morning, Quapaw
House hadn’t responded to that suit.

- Advertisement -Receiver Appointed for Quapaw House

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -Receiver Appointed for Quapaw House

Latest News

video

Watch: Hank Aaron and His...

Hank Aaron and His...

Arkansas Advocates 2021 L...

This was a short week fo...
video

Watch: At the Movies: ...

Michael Cook reviews tw...
video

Watch: Heber Springs teen...

Heber Springs teen save...
video

Watch: Organizing your li...

Sometimes it can be har...
- Advertisement -Receiver Appointed for Quapaw House

More Articles Like This

- Advertisement -Receiver Appointed for Quapaw House