ALLIED HEALTHCARE PRODUCTS INC: M&A transaction — Allied Healthcare completes $9.0M asset sale to Allied Medical in bankruptcy

ALLIED HEALTHCARE PRODUCTS INC

Closed sale of STL and NY assets for aggregate purchase price of $8,988,974.
Sales approved by Bankruptcy Court on June 30, 2023; consummated July 12, 2023.
Chapter 11 case remains pending; full extent of liabilities unknown.
Company warns common stock holders may receive no payment or distribution.
Stalking horse bidder Allied Medical, LLC acquired both asset packages.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ALLIED HEALTHCARE PRODUCTS INC completed a disposition involving Allied Medical, LLC for $8,988,974 (closed 2023-07-12).

Action: disposition
Counterparty: Allied Medical, LLC
Consideration: $8,988,974
Closing: 2023-07-12

Exact text from the filing

On July 12, 2023, the Company and the Purchaser consummated each of the STL Sale and the NY Sale. The aggregate final purchase price of the STL Assets and NY Assets, after all adjustments and reimbursements contemplated in the STL Purchase Agreement and NY Purchase Agreement was $8,988,974.

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Source: SEC EDGAR

accession 0001104659-23-081887

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