Polsinelli represents Jordan Health Products d/b/a Avante Health Solutions (Avante) and its 11 affiliates in their chapter 11 bankruptcy cases pending in Delaware. Avante is a leading provider of aftermarket service, repair and refurbishment for medical equipment.
Pursuant to a sale order approved by the Delaware Bankruptcy Court, Avante entered into an asset purchase agreement with an affiliate of Staple Street Capital to purchase substantially all of Avante’s assets for $72.5 million.This agreement will allow Avante to continue serving customers and position them for long-term success. The sale closed on January 21, 2025.More information about the transaction can be found here.The Polsinelli deal team in this transaction was led by Bankruptcy & Restructuring Practice Co-Chairs Christopher A. Ward and Shanti Mulpuru Katona and included Shareholder Amanda L. Terr. Additional support was provided by Associates Katherine M. Devanney, Ashley D. Champion and Michael V. DiPietro, with litigation support provided by Shareholder James P. Martin.
Original source can be found here.