Bankruptcy court smiles on Substance Abuse deal:
This article was originally published in Clinica
Executive Summary
Plans by Substance Abuse Technologies to refinance itself have met with the approval of the bankruptcy court in Florida which is overseeing SAT's Chapter 11. Under the plan the company gains a private investment of a $3 million line of credit to fund day-to-day needs and to complete the purchase of DataMed International. SAT is now developing a reorganisation plan to put before the court. The company says that it will emerge from Chapter 11 stronger, with less debt and a greater market share.