heathtran

Chain of events Surrounding the Bankruptcy of Soporex and several companies:

Med4Home, a subsidiary of Lincare, Inc. [NASDAQ: LNCR ] a public company purchased certain assets of the following companies for $40,000:

• Soporex Repiratory, Inc.
• Windmar Diagnostics North Central, Inc.

Many sources have stated this was a questionable purchase price and action by Lincare. Read the articles which support this assertion.

Note that this was an asset purchase, limited to certain assets

Soporex filed Bankruptcy on the August 22nd, the same date of the sale to Lincare/Med4Home.  Note that there were a number of companies (which were corporate organizations) that filed under separate case numbers.  See the Bankruptcy Filing.

Soporex Estimated gross revenues in 2006 – 2007 were $35,000,000 on their business - assets purchased by  Lincare / Med4Home were purchased for $40,000 and included patient files from two companies included in the overall Soporex Bankruptcy.