The SCOOTER Store, a New Braunfels TX-based provider of power mobility solutions and services, has received a financing of undisclosed amount from a Sun Capital Partners affiliate.
The company intends to use the funds to expand its product offerings and continue to grow through acquisitions
Founded in 1991 by CEO Doug Harrison, The SCOOTER Store provides people with limited mobility with power wheelchairs, scooters, lifts, ramps, and accessories. The company operates in 48 states and in some locations provides Home Care products and services.
Commenting on the financing, Mr. Harrison said: “The SCOOTER Store is taking aggressive measures to navigate through the current headwinds and ensure that our company is positioned to take advantage of the new market dynamics.
“The backing provided by the Sun Capital Partners affiliate will allow us to be even more agile.
“We are excited to be in a position to quickly adapt to the most recent Medicare changes and pursue new strategic opportunities that arise from on-going changes in healthcare policy and regulations and the industry’s competitive landscape”.