Sale Set For Assets of Regional Medical Supply Company

MIRAMAR, Fla., Nov. 2, 2015 /PRNewswire/ -- Tiger Capital Group's Remarketing Services Division has been retained by the Chapter 7 bankruptcy trustee and Univita Holdings, LLC to auction assets formerly owned by the Miramar-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.

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Integrated Home Care Investors Inc., a Florida corporation, 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. The bid package is available at www.soldtiger.com. 

Previews of the various assets being offered will be held November 2 through November 6 at the company's nine locations in Florida, including Miramar East and West, Jupiter, Daytona Beach, Jacksonville, Ft. Meyers, Tampa (two), and Orlando; three locations in Tennessee: Nashville (two) and Kingsport; and Atlanta, Ga.

"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.

He added that an online auction for any remaining assets will commence November 13 at www.SoldTiger.com and will close in rapid succession, live auction style, on November 19, beginning at 10:30 a.m. (ET).

Univita's facilities range in size from 2,000 square feet to 104,000 square feet.

Key DME assets available for sale include manual and power wheelchairs and scooters, oxygen systems, portable generators, patient lifts, patient beds, walkers/canes, nebulizers, CPAP's, Bipap's, ventilation systems, and more. Supplies and consumables include masks, hoses, connectors, and more. The DME and consumables being sold include assets housed at the company's facilities, as well as in-home DME items located within patient homes in the three states.

Other major assets being auctioned include an oxygen refilling station in Orlando and a like-new data center in Miramar West ($5 million cost in 2014), including equipment from Cisco, Dell, NetApp, F5 Big IP, and others.

Intellectual property being offered includes all Univita URL's and trade names established by the company, as well as various domain names.

"In addition to the DME community, this sale offers a large variety of assets for businesses of all types, including vehicles, warehouse equipment, and office equipment and furnishings," noted Coelho.

The 90-vehicle fleet includes Isuzu diesel box trucks, vans, pickup trucks, and cars—as new as 2012.  

Warehouse and plant support equipment includes forklifts, electric and hydraulic pallet jacks, pallet racking, utility shelving, ladders, 160-kw and 360-kw standby generators, and much more. 

Office assets include executive, reception, conference and breakroom furniture; panel systems; computers and servers; printers; copiers, VOIP phones; and much more.

For a full catalog of the items offered, locations for previews of individual items, and details on how to schedule a site visit and bid, go to: www.SoldTiger.com or contact John Coelho at [email protected].

Univita, which was the sole authorizer of home services for many Medicaid plan members in Florida, filed for Chapter 7 bankruptcy on August 28, 2015 in the Delaware Bankruptcy Court (case number 15-11788).

Media Contacts: At Tiger Remarketing Services Division, Jeff Tanenbaum, president, (805) 497-4999, Email; at Parness & Associates Public Relations, Bill Parness, Email,  (732) 290-0121 or Mobile: 732-673-6852.

SOURCE Tiger Capital Group

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