This is a public record generated listing.
Claims and Lawsuit for Sale
Listing Information
Attachments
Claims and Lawsuit for Sale
Price: $242,816.00
Other Item Info
Item #: txsbke_428815
Created: 06/19/2020
Category: Business Property > Financial > Claim
Sale Date: None Set
Created: 06/19/2020
Category: Business Property > Financial > Claim
Sale Date: None Set
Seller Info
Thomas Rice
Trustee's Attorney
2161 N.W. Military Highway Suite 400
San Antonio, TX 78213
(210) 222-9494
Trustee's Attorney
2161 N.W. Military Highway Suite 400
San Antonio, TX 78213
(210) 222-9494
Bankruptcy Info
Case #: 7:19-bk-70013
Case Title: Bay Area Regional Medical Center, LLC
Court: Texas Southern Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: Bay Area Regional Medical Center, LLC
Court: Texas Southern Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of all of the bankruptcy estate's right, title and interest in and to the Cardinal Claims and the Siemens Lawsiut (collectively, the “Causes of Action”), and more described as follows:
- Seller filed Schedule A/B [ECF No. 27] on February 14, 2019, which listed potential claims against Cardinal Health Inc. based on fraud, negligence and other state law causes of action (the “Cardinal Claims”); and
- On August 11, 2019, Trustee filed the adversary proceeding styled Catherine S. Curtis, as Chapter 7 Trustee of the Bankruptcy Estate of Bay Area Regional Medical Center, LLC, v. Cerner Corporation; Quammen Health Care Consultants, Inc., Siemens Medical Solutions USA, Inc., Adv. Proc. No. 19-07010 (the “Siemens Lawsuit”), in the United States Bankruptcy Court for the Southern District of Texas, McAllen Division. Within the Siemens Lawsuit, Trustee brought forth claims for breach of contract, breach of express warranties, breach of implied warranties, negligence, fraud, fraudulent inducement, negligent misrepresentation, negligent hiring, unjust enrichment.
Assets for sale is more described in Exhibit B from Page No. 28-29 on the attached PDF.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
Receivables:
Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
- Bid Amount: (i) ($150,000.00) for the Siemens Lawsuit; and ($150,000.00) for the Cardinal Claims.
- Bid Increment: $25,000.00
- Bid Deadline: 7 days prior to the sale hearing
- Last date to respond: 21 days from the date of service
- Date of Service: June 17, 2020