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Assets of Health Care Services Business

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Assets of Health Care Services Business



Price: Not Specified

Other Item Info
Item #: flsbke_800365
Created: 02/07/2023
Category: Business Property > All Assets or Going Concerns > Health Care Equipment & Services
Sale Date: None Set
Seller Info
Christopher Jarvinen
Debtor's Attorney
1450 Brickell Avenue, Suite 1900
Miami, FL 33131
305-714-4363
Bankruptcy Info
Case #: 0:23-bk-10945
Case Title: Delphi Behavioral Health Group, LLC
Court: Florida Southern Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of Delphi Behavioral Health Group, LLC (the “Seller”), which includes, among other assets of the Sellers, all: (a) cash (other than Retained Cash); (b) deposits, credits, prepaid charges and expenses; (c) accounts receivable; (d) Claims, including Avoidance Actions (other than Insider Avoidance Actions); (e) the Haverhill Flood Claim; (f) royalties, advances, prepaid assets, other current assets; (g) furniture, fixtures, and equipment used by the Sellers in the operation of the Business; (h) rights of the Sellers under warranties/representations/guarantees; (i) current and prior casualty insurance policies (to the extent transferable) and related proceeds; (j) Assumed Contracts; (k) copies of books and records; (l) Acquired Intellectual Property and rights involving related Proceedings; (m) rights under non-disclosure or confidentiality agreements with employees and agents of any Seller; (n) interests in internet websites/URLs/internet domain names and related assets; (o) loans owed to a Seller by current or former employees, directors or officers; (p) other assets or rights of every kind and description of the Sellers (but not the other Debtors) related to the Business; (q) Benefit Plans currently in effect and all related goodwill; and (r) all good will related to the foregoing.


Additional Details

Purchase Price: The “Purchase Price” for the Purchased Assets is: (i) a credit bid equal to the aggregate outstanding amount of the Protective Advances, in order of priority starting with the Super Priming Protective Advances, up to five million dollars ($5,000,000) (the “Credit Bid Amount”); plus (ii) the assumption by Buyer of funded Debt obligations in an aggregate principal amount equal to ten million dollars ($10,000,000), inclusive of not more than $10,000,000 of the DIP Facility (the “Assumed Debt”); plus (iii) the assumption by Buyer of the other Assumed Liabilities.



Other Information

Terms and Conditions:

See Attached.


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