Troubled scooter seller says operations extended

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Associated Press

Posted on March 27, 2013 at 4:32 PM

SAN ANTONIO (AP) — A seller of motorized wheelchairs and mobility scooters that was raided by federal agents last month says it's received enough money to avoid a shutdown at the end of the week.

The San Antonio Express-News reports (http://bit.ly/11LhhQY) Wednesday The Scooter Store had notified the Texas Workforce Commission that the New Braunfels-based company might have to close as early as Sunday if it didn't obtain financing.

A company executive says lenders have since provided enough liquidity to extend operations.

The company has had difficulty adjusting to cuts in reimbursements and changes in federal claims-processing procedures. Hundreds have lost their jobs.

Its troubles were compounded last month when about 150 federal agents executed a search and seizure at its headquarters. Executives have said the company is not the target of the investigation.

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Information from: San Antonio Express-News, http://www.mysanantonio.com

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