Daily News: November 3, 2015

Tiger Group to Sell Assets of Medical Supply Company

Tiger Capital Group‘s Remarketing Services division has been retained by the Chapter 7 bankruptcy trustee and Univita Holdings to auction assets formerly owned by the Miramar, FL-based integrated home care service and regional medical supply company, which operated 13 facilities in Florida, Tennessee and Georgia.

The sale will include durable medical equipment (DME) inventory, in-home DME, a fleet of 90 vehicles, warehouse distribution systems and equipment, intellectual property, IT/Network equipment, facility leases and other assets.

Florida-based Integrated Home Care Investors has submitted a $2.5 million stalking horse bid for a substantial portion of the assets. Tiger will be accepting competing bids for the asset package covered under the stalking horse offer, as well as for all of the company’s assets or smaller portions in a telephonic auction scheduled for 11:00 a.m. (ET) on November 11. Those intending to bid during the auction are required to submit bids to qualify by 5:00 p.m. (ET) November 9.

“This auction represents a unique opportunity for multiple healthcare industry entities – including medical home care providers, pharmacies, infusion services, visiting nurse organizations, rental service companies, and wholesalers – to acquire turnkey operations or to expand their existing business with DME-specific inventories and assets,” said John Coelho, senior vice-president of Tiger Remarketing Services.