Bankrupt Grupo HIMA announces buyers for Caguas, Humacao assets
By The Star Staff
Lugo Mender Group LLC, the attorneys for the bankrupt Grupo HIMA hospital system, informed the court on Wednesday that it has buyers for its Caguas and Humacao assets.
After exhausting negotiations with two potential buyers, Grupo HIMA selected a bid from Metro Caguas Incorporated as the best one for the hospital facility in the Municipality of Caguas.
A hearing on approval of the sale has been scheduled for Oct. 19 at 10 a.m. at the U.S. Bankruptcy Court, José V. Toledo Post Office & Courthouse Building in Old San Juan, the motion submitted Wednesday said.
Grupo HIMA also reported that it found a buyer for its HIMA San Pablo Humacao hospital, including all of the applicable real estate and facilities entailed by that business unit.
As part of the bidding procedures, Grupo HIMA identified two qualified bidders interested in acquiring the Humacao assets, but Eastern Health prevailed in the bid held Monday.
Besides Eastern Health, MedPlus Health Service LLC also appeared at the auction.
The starting bid was $3.6 million.
“Following the starting bid, MedPlus Health Service LLC and Eastern Health LLC presented incremental bids until Eastern Health LLC presented the last and successful bid in the amount of $5.3 million for the sale of the Humacao Assets,” the court document said.
The firm placed a $170,000 deposit.
A hearing on approval of the Humacao sale has been scheduled for Oct. 16 at the U.S. Bankruptcy Court in the same location.
Grupo HIMA filed for bankruptcy on Aug. 15 citing more than $400 million in debt.