Wichita’s King’s Treatment Center acquired by Missouri firm
05/30/2012 10:18 PM
08/08/2014 10:10 AM
A Missouri firm has acquired King’s Treatment Center, a Wichita-based provider of inpatient and outpatient alcohol and drug treatment services.
The acquisition by Preferred Family Healthcare includes three outpatient offices in the Wichita area, including 8100 E. 22nd St., residential and outpatient treatment sites in Winfield and youth residential centers in Goddard and Oberlin. King’s has 65 employees.
Financial terms of the transaction were not disclosed.
Heath Bechler started King’s in 2002 and owned the company with Dick Kelsey, a Goddard businessman and state senator. He said he first met Preferred CEO Michael Schwend three years ago and thought of the Kirksville, Mo., non-profit company when he and Kelsey decided to sell King’s.
“It wasn’t hard to see the commitment to quality they had for their customers, facilities and staff. It also wasn’t hard to see how King’s could or should become a part of that,” Bechler said.
Preferred, which is not related to Wichita’s Preferred Health System, had Kansas operations prior to the acquisition.
In 2009 the company acquired Adolescent Adult Family Recovery, which included offices in Wichita as well as Iola and Chanute, in southeast Kansas.
“Ever since that time we’ve been looking at expanding our array of services here,” said Dulcinea Rakestraw, Preferred’s vice president of treatment services for Kansas. “The King’s acquisition allows us to cover more area within metro Wichita” and extends the company’s line of business with the youth centers in Goddard and Oberlin.
She said that with the acquisition, the company’s employment in Kansas totals 80 people.
“It significantly expanded our number of employees and service base,” she said.
The largest part of Preferred’s operations is in Missouri, where it has more than 40 program sites across the state.
In addition to substance abuse treatment and prevention, Preferred provides mental health services in Missouri.