Created: 12/17/2013 1:46 PM WHEC.com
Rural/Metro says they should emerge from Chapter 11 bankruptcy in the next few weeks.
On Tuesday, the U.S. Bankruptcy Court in Delaware confirmed the company's plan of reorganization.
The CEO of Rural/Metro says the company will emerge with 50 percent less debt, greater capital flexibility and resources to continue investing in patient care. Over a 12-month period, Rural/Metro will invest $40 million in capital enhancements to add more than 70 new ambulances, six fire trucks and equipment including cardiac monitors and stretchers, as well as develop new billing and accounting systems.
Rural/Metro provides private ambulance and fire protection services in 21 states and nearly 700 communities.