Auction Set For Equipment From Bankrupt Career College On June 23
--Tiger Group's offering of Corinthian Colleges' assets includes professional equipment from dental assistant, nursing, medical assistant, massage therapy and criminal justice programs
COVINA, Calif., June 11, 2015 /PRNewswire/ -- A vast selection of medical, dental, classroom and office equipment will be available for sale when Tiger Group's Remarketing Services division, in cooperation with Reich Brothers and MRI Auctions, conducts an online auction of assets formerly used at seven Everest College career training campuses previously owned by Corinthian Colleges Inc., a bankrupt for-profit college operator.
The sale includes professional equipment and supplies from the college's dental assistant, nursing, medical assistant, massage therapy and criminal justice programs, as well as technology systems, furniture and other equipment from the schools' 300,000 square feet of classrooms and offices.
Online bidding will commence June 16 at www.SoldTiger.com and will close in rapid succession, live auction style, on June 23 beginning at 10:30 a.m. (PT). Previews of the various assets being offered will be held June 22 from 10:00 a.m. to 4:00 p.m. (PT) at 1175 E. Edna Place, Covina, Calif.
"We're very pleased to offer such an impressive selection of quality medical, dental and law enforcement equipment to other trade schools, professional practices and law enforcement agencies in the region," said Jeff Tanenbaum, President of Tiger Remarketing Services. "With all items utilized in an educational setting, the quality and condition of most equipment is first rate, presenting an excellent buying opportunity for both equipment users and resellers."
Medical equipment to be offered includes Ritter electric exam tables, Hill Rom electric hospital beds, more than 100 microscopes, and more than 50 sphygmomanometers, as well as UV sterilizers, EKGs, ultrasound and other equipment, and thousands of medical supplies. Medical training assets include skeletons, anatomic models, a birthing simulator, CPR simulators, textbooks and more.
Available dental equipment includes 15 Royal Signet electric dental chairs, Gendex and Endos Intra Oral X-ray machines, autoclaves, model trimmers, ultrasonic units, hand pieces, training devices and other assets.
Massage therapy accessories up for bid include more than 60 tables and chairs, and feet and head support cushions.
Criminal justice equipment to be offered includes batons, training guns, holsters, handcuffs, and a law library.
General classroom, office and IT equipment for sale includes more than 40 Smartech smart boards and stands, more than 30 projections screens, more than 150 Cisco IP phones, and office supplies.
For a full catalog of the items offered and details on how to schedule a site visit and bid, go to: www.SoldTiger.com.
At its peak in 2013, Corinthian Colleges operated more than 100 campuses--including the seven Everest schools covered in this sale--with more than 81,000 students taking courses on-campus and online. But the company suffered a cash flow crunch after a cutoff in federal student aid funds, which accounted for about 90% of Corinthian's revenue. The college and related entities filed for Chapter 11 Bankruptcy Protection on May 4, 2015 in Delaware Bankruptcy Court (case number 15-10952 (KJC).
About Tiger Group
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively. Tiger's collaborative, straight-forward approach is the foundation for its many long-term 'partner' relationships and decades of success. Tiger operates globally through its partners and affiliates, with primary offices in New York, Boston, Los Angeles, San Francisco, and Sydney. To learn more about Tiger, please visit www.TigerGroup.com.
SOURCE Tiger Group Remarketing Services
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