Metro Care, Inc.

Client Profile
Metro Care, Inc. , a subsidiary of Aleph Management Systems, provides transportation services in the para-transit, airport shuttle and taxi cab industries.
Situation
Initially, SSG assisted in confirming Metro Care’s Chapter 11 Plan of Reorganization and negotiated a substantial prompt payment discount with the unsecured creditors.
Solution
SSG completed a $30 million financing to replace a total of $17 million of financing; which reduced yearly debt service by over $2.5 million and provided significant liquidity to fund expansion both internally and through acquisition.