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Medical Equipment Company in Minnesota

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Listing Information

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Medical Equipment Company in Minnesota



Minimum Price: $9,500,000.00


Other Item Info
Item #: debke_158517
Created: 06/02/2015
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: New York, New York
Sale Date: Thu. Jul 23, 2015
Primary Office Location: 5101 Shady Oak Rd., Minnetonka, MN 55343
Seller Info
R. Craig Martin
Debtor's Attorney
Suite 1500
Wilmington, DE 19801
302-468-5655
Bankruptcy Info
Case #: 15-11133
Case Title: IMRIS, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of the assets of IMRIS, Inc. The sale assets fall into two broad business lines of the Company.

(i) Robotics Business - The Assets related to the surgeon-controlled surgical robot design and manufacture business.

(ii) Imaging and Service Business - The Assets related to the image guided therapy systems and maintenance service business.

IMRIS, Inc. throughout the world design, manufacture and market image-guided therapy systems that enhance the effectiveness on a cost-efficient basis of therapy delivery, which include multiple field strength Magnetic Resonance systems, X-Ray Fluoroscopy systems, and Computed Tomography (CT) systems.


Sale Location

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1251 Avenue of the Americas, 27th Floor
New York, NY, 10020

Additional Details

  1. Auction Time - 10:00 a.m.
  2. Sale Hearing held on or before July 27, 2015.
  3. Bid Deposit - 10% of the Purchase Price
  4. Bid Deadline - not later than July 20, 2015 at 9:00 a.m.
  5. Bidding at the Auction will begin with the Starting Bid and continue in bidding increments providing a net value to the estate of at least an additional $100,000 above the prior bid.
  6. Last date to respond - July 24, 2015 at 4:00 p.m.
  7. Sale Price of (i) Robotics Business for $2,500,000 and (ii) Imaging and Service Business for $7,000,000.00.


Other Information

Terms and Conditions:

See attached.


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