Advertisement

HealthSpot's assets are up for sale

HealthSpot's assets are up for sale.

The trustee in charge of the bankrupt telemedicine company “is accepting offers to purchase the assets of HealthSpot Inc.,” according to a news release issued by the trustee, Myron Terlecky, a Columbus lawyer.

The Dublin, Ohio-based company has $5.17 million in assets and $23.27 million in liabilities, according to the company's Chapter 7 bankruptcy filing.

HealthSpot owes money to dozens of creditors, but only one is secured: the state of Ohio. The state gave the company a $1.5 million loan in 2013.

HealthSpot built walk-in kiosks that allowed patients to speak with a doctor through a video screen. The company had placed kiosks in more than 50 locations throughout the country. Many of them were located at Rite-Aid stores in Ohio. The company also had formed relationships with the Cleveland Clinic, MetroHealth and University Hospitals over the past few years.

HealthSpot generated about $600,000 in revenue in 2015, up from $223,000 in 2014, according to the bankruptcy filing.

The U.S. Bankruptcy Court must then approve any sale arranged by the trustee. The sale should be completed in April, according to the news release.

"HealthSpot's assets are up for sale" originally appeared in Crain's Cleveland Business.


Tags:

Comments

Loading Comments Loading comments...
Advertisement