Why does CCS Medical need a financial restructuring?
The fundamentals of CCS Medical’s business remain solid. Our business is strong and demand for our quality products, services and single source convenience continues to grow. However, like many other businesses our existing capital structure was put in place during a different time with different assumptions. We determined that it was in CCS Medical’s best interest to pursue a financial restructuring in order to align our capital structure with our operations. A “pre-arranged” Chapter 11 will provide the most efficient way to effectuate a restructuring while our business continues as normal.
