This is a public record generated listing.
Assets of Medical Practice Business
Listing Information
Attachments
Assets of Medical Practice Business
Price: Not Specified
Other Item Info
Item #: mdbke_695929
Created: 09/29/2017
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Greenbelt, Maryland
Sale Date: Mon. Oct 23, 2017
Created: 09/29/2017
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Greenbelt, Maryland
Sale Date: Mon. Oct 23, 2017
Seller Info
Alan M. Grochal
Debtor's Attorney
100 E. Pratt Street., Fl. 26
Baltimore, MD 21202
410-752-9700
Debtor's Attorney
100 E. Pratt Street., Fl. 26
Baltimore, MD 21202
410-752-9700
Bankruptcy Info
Case #: 0:17-bk-16047
Case Title: Advanced Pain Management Services, LLC
Court: Maryland Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Advanced Pain Management Services, LLC
Court: Maryland Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of Assets of Advanced Pain Management Services, LLC., described as below:
- All personal property, including, but not limited to furniture, fixtures, equipment, computer hardware and computer software licenses used in connection with the Practice and located in the Offices, including, but not limited to, substantially all of those identified in Exhibit B attached hereto (collectively, the "Fixed Assets");
- All cash on hand and cash in banks, up to One Hundred Thousand Dollars ($100,000.00), whether represented by deposits in checking accounts, savings accounts, or similar types of banking arrangements, and all other cash equivalents and financial investments (collectively "Cash");
- To the extent assignable, all legally binding agreements, including the "Leases", to which Debtors are a party listed on Exhibit C attached hereto and made a part hereof ("Contracts"), and all Contracts made or entered into after the date hereof by Debtors with respect to the Practice in the ordinary course not in violation of this Agreement ("Assigned Contracts");
- All leasehold improvements located at the Offices, to the extent the same are the property of the Debtors;
- All instruments and non-medical supplies used in connection with the Practice and all records relating thereto;
- All pharmaceuticals, vaccines and medical supplies used in connection with the Practice and all records relating thereto;
- All medical records, patient lists (collectively, the "Medical Records"), and other records of Debtors, excluding all corporate and tax records of Debtors;
- Trade names and trademarks, whether registered or unregistered, patents, trade secrets, telephone numbers, telephone listings, URLs, websites, social and professional media links and sites;
- Security deposits and prepaid amounts under agreements included in the Assets;
- All licenses (to the extent transferable), permits, approvals, and assets, intangible or otherwise, of, relating to, or used in connection with the operation of Practice; and
- All goodwill and other intangible assets relating to the Practice.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
Receivables:
Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
Sale Hearing Time: 11:00 a.m
Purchase price: In consideration for the purchase of the operating assets, the Buyer shall be responsible for all accounts payable that accrued after execution of the APA, including but not limited to accrued payroll obligations and accrued trade accounts payable. The Buyer has also assumed all accrued vacation pay and severance obligations in the aggregate amount of $650,000 as well as various equipment leases and service contracts in the aggregate amount of $100,000.
Last date to respond: October 17, 2017