This is a public record generated listing.
Assets of Behavioral Health and Substance Abuse Services Business
Listing Information
Attachments
Assets of Behavioral Health and Substance Abuse Services Business
Price: $32,000,000.00
Other Item Info
Item #: mabke_502091
Created: 01/22/2021
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Springfield, Massachusetts
Sale Date: Thu. Mar 4, 2021
Created: 01/22/2021
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Location: Springfield, Massachusetts
Sale Date: Thu. Mar 4, 2021
Seller Info
A. Davis Whitesell
Debtor's Attorney
303 Congress Street
Boston, MA 02210
617-426-5900
Debtor's Attorney
303 Congress Street
Boston, MA 02210
617-426-5900
Bankruptcy Info
Case #: 4:21-bk-40002
Case Title: Community Intervention Services, Inc.
Court: Massachusetts Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Community Intervention Services, Inc.
Court: Massachusetts Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of Community Intervention Services, Inc. (“CIS”) and South Bay Mental Health Center, Inc. (“South Bay” and, with CIS, the “Sellers”), and more described as below:
- Substantially all of South Bay’s assets (collectively, the “SB Assets”), including, without limitation, (i) South Bay’s rights under certain leases of real property at which South Bay operates its clinics (collectively, the “Leases”), (ii) certain personal property, including equipment, furniture and inventory, (iii) certain contracts with third parties (together with the Leases, the “SB Assumed Contracts”), (iv) certain permits and licenses authorizing the provision of certain services to South Bay clients and patients (to the extent transferable), and (v) certain other miscellaneous assets as set forth in the APA, including, without limitation, the right to use South Bay’s trade names and other intellectual property; and
- Certain assets of CIS integral to the operation of the South Bay business enterprise (the “CIS Assets” and, together with the SB Assets, the “Assets”), including, without limitation, certain executory contracts (the “CIS Assumed Contracts”, and collectively with the SB Assumed Contracts, the “Assumed Contracts”).
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
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Asset and Liability Summary ($)
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Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
- Sale Hearing Time: 11:00 a.m.
- Bid Deadline: February 12, 2021
- Last date to respond: March 1, 2021