A U.S. Bankruptcy Court has approved an agreement for the city of Pharr to acquire the emergency services assets of Hidalgo County EMS.
The agreement, first reported by the Progress Times, has the city of Pharr paying $1 million for the privately-owned company’s fleet of ambulances, its air ambulance services, along with its EMS equipment and existing contracts. The assets will be folded into the newly-created Pharr Emergency Medical Services Department.
A media release from the city indicates the department’s equipment and contract acquisitions will allow it to respond to emergency medical calls in an urban and rural geographic area similar to that serviced by Hidalgo County EMS.
The judge’s approval of the agreement comes a little more than a month after the company’s owner, Kenneth Ponce, pleaded guilty to bankruptcy fraud. Ponce admitted to falsifying financial disclosure forms in order to conceal property.