Colorado Ambulance undergoes financial restructuring
March 16, 2002 By Jena Bulger, Enterprise Staff Writer Under new administration the Colorado Ambulance Foundation, formerly Broomfield Emergency Ambulance Service, has managed to secure $250,000 with the help of Guyer Management Assistance. After years of accumulating debt, the organization has restructured, received a large line of credit and taken out a mortgage against their building, said new president Tim Battenhouse. After a two month hiatus last summer, the newly named CAF hired Battenhouse, new operations manager Bill Diershow and an out-source chief financial officer from GMA, C. Stephen Guyer. Guyer’s goal is to help CFA stand on their own again. “The company is now in a re-group phase, I will help them through the transition,” Guyer said. “They had no excess funds for a long time. I want them to restore and get back to an autonomous foundation.” CAF provides non-emergency transportation for long-term care facilities, van rides to Medicaid patients to and from hospitals and doctor appointments and 911 services for the town of Pleasant View. They...
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