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WDKX.com » Blog » Rural Metro preparing for possible bankruptcy
Aug 2nd 2013 8:22 am
Rural Metro preparing for possible bankruptcy
by News

Rural Metro, a company that many people in the Rochester area depend on in medical emergencies, might be on the verge of bankruptcy.

According to The Wall Street Journal, the company, based in Scottsdale, Arizona, is preparing for possible bankruptcy protection. They say financial troubles stem from ambulance workers not being allowed to deny emergency transportation to uninsured people.

In recent years, high unemployment has increased the number of uncompensated trips leading to a revenue decline. The report says Rural Metro is negotiating with creditors and could get an deadline extension to pay its debts.

The country's largest ambulance operator has a contract with the City of Rochester.

News10NBC is waiting for a response after calling the local spokeswoman to ask what would happen here in Rochester if Rural Metro files for bankruptcy protection.

Rural Metro employs 10,000 people nationally.

Source: Whec.com