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Assets of Dental Practice Management Services Business

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Listing Information


Assets of Dental Practice Management Services Business

Price: Not Specified

Other Item Info
Item #: txsbke_444241
Created: 09/17/2020
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Date: Wed. Sep 30, 2020
Seller Info
Elizabeth Freeman
Debtor's Attorney
1401 McKinney Suite 1900
Houston, TX 77010
Bankruptcy Info
Case #: 4:20-bk-33918
Case Title: Benevis Corp. and Benevis Affiliates, LLC
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents


Auction Sale substantially all of assets of the Benevis Corp. and Benevis Affiliates, LLC, including the following:

  • All cash, bank deposits, certificates of deposit, and cash equivalents (including all undeposited checks, marketable securities and short term investments) of Sellers, except to the extent such amounts are necessary to fund the Settlement Amount;
  • All bank accounts of Sellers other than accounts established for the retention of the Settlement Amount, safety deposit boxes, lock boxes and other cash management accounts (including cash amounts in any accounts against which outstanding bank drafts have been written, to the extent of the amount of such bank drafts);
  • All tangible personal property owned or leased by Sellers, wherever located, including, but not limited to, all machinery, equipment, tools, fixtures, parts, supplies, furniture, furnishings, motor vehicles, inventory, computers, mobile phones, personal digital assistants, computer equipment, hardware, peripherals, information technology infrastructure and telephone systems (including any of the foregoing property that is subject to a finance lease, but only to the extent that Purchaser assumes such finance lease as an Assumed Contract);
  • The Transferred Intellectual Property Rights and all other manuals, instructions, documents and protocols relating thereto, including those listed on Schedule 2.1(d), including (A) royalties, fees, income, payments, and other proceeds now or hereafter due or payable to Sellers with respect to the Transferred Intellectual Property Rights; and (B) claims and causes of action with respect to the Transferred Intellectual Property Rights accruing on or after the Original APA Date, including all rights to and claims for damages, restitution, and injunctive and other legal or equitable relief for past, present, or future infringement, misappropriation or other violation thereof, and rights to protection of interests therein under the Laws of all jurisdictions;
  • All of the Contracts and Real Property Leases that are listed on Schedule 2.1(e) (along with the Cure Costs associated with each), and all Leased Real Property associated with such Real Property Leases, and all rights of any kind relating to any of the foregoing, including rights to payments thereunder (collectively, the “Assumed Contracts”), subject to the amendment of Schedule 2.1(e) as contemplated pursuant to the last paragraph of this Section 2.1.
  • All Permits listed on Schedule 2.1(f), but only to the extent such Permits may be transferred under applicable Law;
  • All of Seller’s rights under warranties, indemnities and all similar rights against third parties to the extent related to the Business or any Purchased Assets;
  • All rights with respect to prepaid expenses, credits, advance payments, security, deposits, charges, sums, and any cash collateral used to secure surety bonds, performance bonds or other transactional assurances to the extent related to the Business or any Purchased Assets, including without limitation, any deposits made by the Sellers to any third parties;
  • Originals, or where not available or to the extent retained by Sellers for Tax purposes, copies, of all books and records, files and papers including books of account, ledgers and general, financial and accounting records, supplier lists, production data, quality control records and procedures, patient complaints and inquiry files, research and development files, records and data (including all correspondence with any Governmental Authority), strategic plans, internal financial statements and marketing and promotional surveys, material and research, documentation relating to the Transferred Intellectual Property Rights, and other similar documents and records, that relate to the Business or the Purchased Assets;

Asssts is more described from Page No. 36-40 on the attached PDF.

Additional Details

  1. The auction for the assets will be conducted on September 30, 2020, starting at 10:00 a.m. CT via video conference.
  2. Sale Hearing Held on October 2, 2020, at 9:30 a.m.
  3. The Bid for all or substantially all assets must provide cash consideration equal to or in excess of (i) the amount of the DIP Obligations as of the closing of such Qualified Bidders bid plus (ii) the amount of the Prepetition Obligations ($200,500,000) less $10 million (the “Reserve”) plus (iii) the Initial Bid Increment.
  4. Initial Bid Increment: The initial minimum overbid increment at the Auction shall be not less than $750,000 (the “Initial Bid Increment”). Each successive overbid must be in the minimum increment of $250,000.
  5. Bid Deposit: 10% of the cash portion of the bidder’s proposed purchase price
  6. Bid Deadline: September 24, 2020
  7. Last date to respond: September 28, 2020

Other Information

Terms and Conditions:

See Attached.

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