On August 11, 2015, an order regarding the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Saint Michael’s Medical Center, Inc. and its affiliates.
The filing was assigned docket number 40 and is described on the court’s official docket as follows:
ORDER GRANTING MOTION TO SHORTEN NOTICE AND OBJECTION PERIOD IN CONNECTION WITH MOTION FOR AN ORDER PURSUANT TO 11 U.S.C. §§ 363 AND 365 AND FED. R. BANKR. P. 2002, 6004 AND 6006: (1) APPROVING STALKING HORSE ASSET PURCHASE AGREEMENT FOR THE SALE OF SUBSTANTIALLY ALL THE DEBTORS ASSETS; (2) APPROVING BIDDING PROCEDURES AND FORM, MANNER AND SUFFICIENCY OF NOTICE; (3) SCHEDULING (A) AN AUCTION SALE AND (B) A HEARING TO CONSIDER APPROVING THE HIGHEST AND BEST OFFER; (4) AUTHORIZING THE DEBTORS TO SELL SUBSTANTIALLY ALL THEIR ASSETS FREE AND CLEAR OF LIENS, CLAIMS, ENCUMBRANCES, AND INTERESTS; (5) AUTHORIZING THE DEBTORS TO ASSUME AND ASSIGN CERTAIN EXECUTORY CONTRACTS AND UNEXPIRED LEASES; AND (6) GRANTING OTHER RELATED RELIEF (related document: Motion re: for an Order Pursuant to 11 U.S.C. Sections 363 and 365 and Fed. R. Bankr. P. 2002, 6004 and 6006; (1) Approving “Stalking Horse” Asset Purchase Agreement for the Sale of Substantially all the Debtors’ Assets; (2) Approving Bid filed by Debtor Saint Michael’s Medical Center, Inc.). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 8/11/2015. Hearing scheduled for 8/20/2015 at 02:30 PM at VFP – Courtroom 3B, Newark. (nds)
Saint Michael’s Medical Center, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 10, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Jersey. The case number for the lead bankruptcy case is 15-24999. The bankruptcy case is currently assigned to United States Bankruptcy Judge Vincent Papalia. The law firm of Cole, Schotz, Meisel, Forman & Leonard, P.A. is acting as lead bankruptcy counsel to Saint Michael’s Medical Center, Inc. in the bankruptcy case.