SAN ANTONIO (March 27, 2013)—The New Braunfels-based Scooter Store, a seller of motorized wheelchairs and mobility scooters that federal agents raided last month, says it has received enough money to avoid a shutdown at the end of the week.
The Scooter Store had notified the Texas Workforce Commission that the company might have to close as early as Sunday if it didn't obtain financing, but 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 and hundreds have lost their jobs as a result.
The company’s 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.