Bankrupt MedLab Gets Nod For $5.5M Unit Sale

Law360, Wilmington (June 11, 2014, 3:04 PM EDT) -- Clinical testing firm Laboratory Partners Inc., also known as MedLab, received the blessing of a Delaware bankruptcy judge on Wednesday to sell its long-term care division to Amerathon LLC for a $5.5 million credit bid.

At a hearing in Wilmington, U.S. Bankruptcy Judge Peter J. Walsh approved the sale of the company's remaining operating unit to Amerathon, a joint venture that includes MedLab's senior secured lenders.

"I'll sign the order," Judge Walsh said, after overruling a creditor objection to a provision in the purchase agreement....
To view the full article, register now.




Case Information

Case Title

Laboratory Partners, Inc.

Case Number




Nature of Suit

Date Filed

October 25, 2013

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.