February 24, 2017 6:20 PM ET

Healthcare Providers and Services

Company Overview of Univita of Florida, Inc.

Company Overview

Univita of Florida, Inc., a DME/HME home and hospital delivery company, supplies medical equipment to homes and healthcare facilities. It provides durable medical equipment and supplies in Florida. The company assists patients with recurring needs, such as oxygen refills and diabetic supplies; provides new referrals from health plans, hospitals, or physician’s offices; delivers medical equipment to a patient’s home, hospital, or nursing facility; and helps patients from pediatrics to geriatrics who require ventilators, CPAPs, BIPAPs, apnea monitors phototherapy, liquid oxygen systems/oxygen, overnight oximeters, respiratory assist devices, and nebulizer compressors. It also offers various in...

15800 SW 25th Street

Miramar, FL 33027

United States

Founded in 1987

Phone:

305-826-0244

Fax:

305-822-9274

Key Executives for Univita of Florida, Inc.

Senior Vice President of Operations
Executive Vice President
Vice President of Pharmacy
Special Advisor
Compensation as of Fiscal Year 2016.

Univita of Florida, Inc. Key Developments

Motion for Asset Sale Approved for Univita Holdings LLC

The US Bankruptcy Court gave an order approving the sale of certain assets of Univita Holdings LLC on November 30, 2015. The debtor has been authorized to sell its certain assets to certain bidders in lots for a combined purchase price of $0.19 million. The debtor’s assets include certain equipment, furniture, ladders, phones, etc. and other remaining assets.

Motion for Asset Sale Approved for Univita Holdings LLC

The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Univita Holdings LLC on November 12, 2015. The trustee has been authorized to sell substantially all of debtor's assets to Integrated Home Care Investors, LLC, the stalking horse bidder for a purchase price of $2.5 million in cash. Buyer will also pay additional consideration of up to another $0.30 million for the In Home DME.

Motion for Asset Sale Filed by Univita Holdings LLC

David W. Carickhoff, the chapter 7 trustee, filed a motion in the US Bankruptcy Court seeking approval for the sale of substantially all the assets of Univita Holdings LLC on October 22, 2015. As per the motion, trustee seeks to sell substantially all the assets of debtor to Integrated Home Care Investors, LLC for $2.50 million in cash, as per the agreement dated October 19, 2015. Buyer will also pay additional consideration of up to another $0.30 million for the In Home DME. Buyer has deposited $0.25 million upon execution of the agreement. Transaction is expected to close by December 1, 2015. Trustee also proposes biding procedures for the sale of assets to highest and best offer. Under the proposed bidding procedures, bid can be submitted by November 9, 2015 and should accompany with a deposit of 10% of the purchase price. Tiger Capital Group, LLC has been appointed as auctioneer for the sale. Trustee may place assets other than acquired assets, to a subsequent on-line auction commencing between November 13, 2015 to November 19, 2015. Buyer will be entitled to the break-up fee of 3% of the cash purchase price and expense reimbursement of up to $0.05 million. Any competing bid should be at least $0.20 million above the stalking-horse price. Sale hearing will be held on November 12, 2015. John H. Genovese of Genovese Joblove & Battista, P.A. and Rene J. Valverde acted as legal counsels for the buyer.

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