RINGGOLD, Ga. — Company employees have been laid off and its lender has seized the assets of Fuller Rehabilitation, according to a Feb. 4 story in the Chattanooga Times Free Press. The report described the long-time mobility provider as "struggling to cope with new federal regulations and burdened by too much debt."
According to the report, the company told employees Jan. 28 that it would close. "The family has been in this business for 21 years. They fought an incredibly hard fight to keep this business open," Brent Beasley, the company's former compliance officer, told the newspaper.
Company owners "couldn't get the financing to continue on. We would have needed a good-sized loan to get us through the next 10 to 12 months, until those rentals started coming in," Beasley said, referring to elimination of the first-month purchase option for standard power wheelchairs.
The company had seven locations and 82 employees in four states, the newspaper reported.
Read the story in the Times Free Press.
