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Assets of Florida Health Solution, Inc.

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Listing Information

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Assets of Florida Health Solution, Inc.



Price: $1,150,000.00


Other Item Info
Item #: flmbke_1137356
Created: 04/02/2014
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Coral Gables, Florida
Sale Date: Thu. May 1, 2014
Primary Office Location: FL
Seller Info
Andrew D Zaron
Debtor's Attorney
255 Alhambre Circle, Suite 424
Coral Gables, FL 33134
305-740-1992
Bankruptcy Info
Case #: 8:14-bk-02759
Case Title: Vertical Health Solutions, Inc.
Court: Florida Middle Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of Substantially all of the assets and executory contracts of the Vertical Health Solutions, Inc. other than the Excluded Assets.

Excluded Assets: Certain insurance rights and policies, and potentially certain contracts, among other things.

You can contact the Seller (above) or click on the case # in the bankruptcy case information section to find additional documents and descriptions regarding these assets for sale.


Sale Location

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255 Alhambra Circle, Suite 424
Coral Gables, FL, 33134

Additional Details

Sale at:
Offices of Leon Cosgrove, LLC,
255 Alhambra Circle, Suite 424,
Coral Gables, Florida, 33134
Time: 02:00 PM EDT.

Sale Price:
(i) $1 million in Cash, 
(ii) less amounts owing under DIP Loan Agreement,
(iii) plus "Additional Cash Consideration", which is defined as: (a) Ten Percent (10%) of the total contract value derived during the 24 months following the Closing Date from licenses and service contracts for MRI QC Products and CT QC Products, in each case entered into by Purchaser following the Closing Date, payable annually, with the first payment due 13 months after the Closing Date, and the second payment due 25 months after the Closing Date; and (b) Five Percent (5%) of the total contract value derived during the 24 months following the Closing Date from licenses and service contracts for CT Dose Reporting and Management Products and MRI Protocol Reporting and Management Products.

Bid Deposit Amount: $100,000
Initial Bid Increment Amount: $125,000
Bid Deadline: April 29,2014 at 4:00 p.m. EDT

Last Date to Respond: April 24, 2014



Other Information

Terms and Conditions:

See attached.


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