Top US Scrubs Retailer Enters Ch. 11, Eyes Asset Sale

Law360, New York (May 30, 2013, 2:30 PM ET) -- Life Uniform Holding Corp., the market-leading U.S. supplier of hospital scrubs and medical uniforms, asked a Delaware court on Thursday to approve the sale of its assets to Scrubs & Beyond LLC a day after entering Chapter 11 amid crippling liquidity issues.

The company, which lists up to $50 million in debt, says recent liquidity shortfalls hobbled its efforts to upgrade its e-commerce system, prevented it from pursuing an aggressive acquisition plan and ultimately forced it into a downward spiral that made a sale under Chapter...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers