September 21, 2017 2:29 PM ET

Health Care Technology

Company Overview of LifeNexus, Inc.

Company Overview

On March 23, 2017, LifeNexus, Inc. went out of business as per its Chapter 7 liquidation filing under bankruptcy. LifeNexus, Inc. operates a portal for maintaining an individual’s personal health record. The company’s Personal Health Card enables users to store, update, and share their medical information, including medical history, allergies, vaccinations, prescriptions, emergency contacts, insurance information, dependent information, advance directives, and more for making individuals access to critical information at the time and point of need. Its Personal Health Card also enables users to use it as a prepaid card for making day-to-day payments and manage their health-related spending, ...

One Embarcadero Center

Suite 310

San Francisco, CA 94111

United States

Founded in 2005

Phone:

303-351-1995

Fax:

214-975-3555

Key Executives for LifeNexus, Inc.

LifeNexus, Inc. does not have any Key Executives recorded.

LifeNexus, Inc. Key Developments

Motion for Asset Sale Approved for LifeNexus, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of LifeNexus, Inc. on June 1, 2016. The Trustee has been authorized to sell its certain assets to Spring Grove Finance, S.A., the stalking horse bidder, for a purchase price of $1.61 million. The debtor’s assets include all of the right, title, and interest in the intellectual property and certain additional assets. As part of the consideration for the sale, the buyer will withdraw all claims evidenced or represented by that certain proof of claim filed as a general unsecured claim in the sum of $1.51 million and will waive its right to assert a $0.10 million as secured claim.

Motion for Asset Sale Filed by Trustee for LifeNexus, Inc.

LifeNexus, Inc. filed a motion in the US Bankruptcy Court for the sale of certain assets on May 3, 2016. The debtor seeks the Court’s approval for the sale of debtor’s intellectual property and source code for the Personal Health Card and Mobile App, machinery and equipment; and any goods, products, supplies, desks, etc. to Spring Grove Finance, S.A. pursuant to an asset purchase agreement dated May 2, 2016. The purchase price is comprised of certain claim withdrawals by Spring Grove. Buyer will waive its right to assert a $0.10 million secured claim and $1.51 million general unsecured claim. Spring Grove has made a deposit of $0.10 million. The initial overbid is set at $0.43 million all cash, and an agreement by the over bidder to the same or better terms and conditions. The minimum bids will be in $5,000 increments. A qualified bid shall be accompanied by a non-refundable deposit in the sum of $0.04 million.

LifeNexus Appoints Kris Jamsa as Chief Technology Officer

LifeNexus reported that Kris Jamsa has been named Chief Technology Officer. After over 25 years of leadership and P&L experience specifically in the healthcare, computer, retail, and publishing industries, Dr. Jamsa joined LifeNexus in 2014 as the Director of Application Development. In that role, he led multiple design and development teams through the process of creating the first iChip mobile application. As CTO, he has seen that project through to completion as iChip Mobile launched in Google Play and iTunes stores earlier this month.

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