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


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.