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Assets of Retail Pharmacy Business

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Assets of Retail Pharmacy Business



Price: $9,385,000.00


Other Item Info
Item #: debke_177809
Created: 09/26/2019
Category: Business Property > All Assets or Going Concerns > Food & Drug Retailers
Sale Location: Wilmington, Delaware
Sale Date: Wed. Oct 16, 2019
Seller Info
Joseph Barsalona II
Debtor's Attorney
1201 North Market Street Suite 1600
Wilmington, DE 19801
302-351-9118
Bankruptcy Info
Case #: 1:19-bk-11984
Case Title: Fred's, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of pharmacy assets of Fred's, Inc. located at the pharmacies described from Page No. 82 on the attached PDF. The sale assets more described as below:

  • All of Sellers’ prescription files and prescription records, data and patient refill history with respect to prescriptions filled by Sellers at the Pharmacies or otherwise utilized, maintained and/or generated by Sellers in the course of operating its business at the Pharmacies, including all hard copy prescriptions, patient profiles, signature logs, customer lists, all electronic data and all other related data utilized by Sellers in the course of operating the Pharmacies for the last two (2) years prior to the Closing Date (collectively, the “Script Assets”) and all Inventory Documentation; and
  • Retail pharmaceutical inventory located at the Pharmacies (the “Inventory”) having an aggregate Inventory Value not to exceed $8,935,000 and, with respect to each Pharmacy, having an Inventory Value not to exceed the amount set forth on the Pharmacy Asset Sale Schedule (the “Applicable Pharmacy Inventory Cap”).

Sale Location

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824 Market St., 5th Fl
Wilmington, DE, 19801

Additional Details

  1. Sale Hearing in "Courtroom 6" @ 3:00 p.m.
  2. Purchase Price: The aggregate purchase price to be paid by Buyer to Sellers with respect to the Purchased Assets is equal to (i) $450,000.00 (the “Script Purchase Price”), as adjusted pursuant to the Walgreen APA plus (ii) the aggregate value of the Inventory at all Pharmacies, as determined pursuant to audits described below (the “Inventory Purchase Price” and together with the Script Purchase Price, the “Purchase Price”); provided, however, the Inventory Purchase Price shall not exceed $8,935,000.00 in the aggregate and, with respect to each Pharmacy, the Inventory Purchase Price for such Pharmacy shall not exceed a pharmacy specific cap.
  3. Last date to respond: October 9, 2019


Other Information

Terms and Conditions:

See Attached.


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