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Rural/Metro service continues
Rochester, N.Y. – Despite financial troubles – including possible bankruptcy – Rural/Metro Ambulance is continuing service as usual in the city of Rochester.
The Arizona-based company said it chose not to pay the interest on their bonds last month, but this will not have an impact on their services.
Founded in 1984, Rural/Metro is the country’s largest ambulance operator, and provides services to the City of Rochester, as well as East Rochester. The company will also assist local volunteer agencies as needed.
Rochester Mayor Tom Richards said if anything should change in the service the city is prepared to intervene to prevent any impact.
“We're following it closely we have some options should it be a problem and we'll be prepared to exercise those options we need to," said Mayor Richards. “I don't mean to imply it's going to happen here soon, it's not necessary now and I hope that it doesn't become necessary."
Rural/Metro released the following statement:
"Rural/Metro continues to take action to align our operations and capital structure with the realities of our business. As part of these initiatives, our Board and management team recently elected not to make the interest payment due on July 15 for our unsecured bonds due in 2019. While we will continue to keep our senior lenders informed, as appropriate, the Company will not comment further regarding this matter at this time. From an operational perspective, it is business as usual at Rural/Metro. We remain committed, as always, to providing life-saving services to our customers and communities."
Rural/Metro’s contract with the city runs through April 2016.