A health care clinic chain that provided essential health and fitness treatment products and services for truck drivers shuttered its doors and submitted for Chapter 7 personal bankruptcy on Thursday.
The THT Team Inc., performing business enterprise as Truckers Health Workforce, has closed all 14 of its clinics at many Pilot Flying J Journey Facilities throughout the country.
The health care clinics offered Division of Transportation (DOT) physicals and well being assessments and presented packages to help truckers regulate serious circumstances these as diabetic issues, hypertension and obesity.
The clinics were being practical for motorists since of their accessibility to truck parking at the Pilot areas.
News of the clinics’ closures arrived just months right after the enterprise issued a assertion saying it was rebranding and introducing new executives and board members in November. The clinics have been earlier recognized as Urgent Treatment Vacation.
Although headquartered in Westlake Village, California, THT Team filed its Chapter 7 bankruptcy petition in the U.S. Individual bankruptcy Court for the Northern District of Texas.
In its filing, THT Team lists its belongings as between $100,000 and $500,000 and its liabilities as involving $1 million and $10 million. It states it has involving 200 and 999 creditors. The business maintains that no money will be obtainable for unsecured creditors after it pays administrative costs.
Charles “Rick” Weber, CEO of THT Group, did not return FreightWaves’ telephone get in touch with or e mail seeking a comment about the health and fitness treatment chain’s abrupt closure.
The company’s attorney, Ryan Manns, also did not reply to FreightWaves’ ask for for remark.
Amongst the clinics’ top rated 20 secured lenders are: Chrysler Money of Fort Truly worth, Texas, owed more than $25,000 Kingsbridge Holdings LLC of Oklahoma, owed virtually $33,000 for trailer leases and Vanguard Modular Developing Devices of Philadelphia, owed nearly $17,000.
Stated amongst the company’s top 20 unsecured creditors — which are final in line for payment in Chapter 7 conditions — are Shumaker Mallory LLP in Los Angeles, owed virtually $56,000 Phillippe Ludwig, owed additional than $57,000 and Pilot Journey Facilities, headquartered in Knoxville, Tennessee, owed just about $42,000.
In accordance to the trucking company’s financials, its gross revenues have been around $2.3 million in 2019, but dropped to all-around $1.9 million in 2020. THT Group posted income of extra than $557,000 for the 1st six months of 2021.
A creditors’ meeting is scheduled for July 16.
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