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Wednesday, April 21, 2021

The Scooter Store’s troubles push it to bankruptcy

NEW CASTLE, Del. (AP) — The Scooter Store, a Texas-based company that supplies power wheelchairs and scooters to people with limited mobility, has filed for Chapter 11 bankruptcy protection. Monday’s bankruptcy filing in Delaware comes after federal agents raided the company’s South Texas headquarters earlier this year, and amid congressional scrutiny of whether TV ads by The Scooter Store and a rival company target people who don’t need scooters, leading to hundreds of millions of dollars in unnecessary Medicare spending. The Scooter Store has shed hundreds of jobs in recent months, with its workforce dwindling from about 2,400 down to about 300. The company’s bankruptcy filing cited changes in health care laws and government investigations as financial burdens. It listed assets between $1 million and $10 million, and liabilities between $50 million and $100 million.

 

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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