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