Business
Heritage Global Partners to Conduct Two Major Online Auctions of Cue Health’s Assets
Unique Opportunity by Order of the US Bankruptcy Court (Case # 24-11096-CTG), Featuring Over 2,000 Auction Lots! SAN DIEGO--(BUSINESS WIRE)-- Heritage Global
About this update from Heritage Global Inc.
[{"type":"text","content":"\nUnique Opportunity by Order of the US Bankruptcy Court (Case # 24-11096-CTG), Featuring Over 2,000 Auction Lots!\n\n\n SAN DIEGO--(BUSINESS WIRE)--\nHeritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the Chapter 7 Trustee and US Bankruptcy Court to conduct two major online auctions of assets from Cue Health, a San Diego based healthcare technology and Covid-19 testing company, featuring over 2,000 lots of state-of-the-art equipment and assets.\n\n\nThe first auction will feature cutting-edge research, development, and laboratory equipment from Cue Health’s Carrol Canyon location in San Diego, CA, ideal for professionals in the biotech, pharmaceutical, and life sciences industries.\n\n\nThe second auction will encompass machine tools, packaging and assembly equipment, and facility support assets from Cue Health’s expansive manufacturing plant in Vista, CA, perfect for manufacturers, packaging companies, and facilities managers looking to enhance their operations with top-tier equipment.\n\n\nDavid Barkoff, Senior Vice President at HGP commented, \"We are thrilled to bring these assets to the marketplace and are confident these auctions will generate significant interest from buyers across a variety of industry sectors. The high quality and wide applications of the available equipment make this a unique opportunity. These facilities were excellently maintained and feature name-brand, late-model machinery that rarely appears on the secondary market. We look forward to a very successful project.”\n\n\nAuction Details\nSale #1 – Carroll Canyon Laboratory\nOnline Bidding Opens: August 19, 2024\nOnline Bidding Closes: August 20, 2024, starting at 8:00am PDT\nRegistration and Details: View Catalog and Registration\n\n\nSale #2 – Vista Manufacturing Plant\nOnline Bidding Opens: August 27, 2024\nOnline Bidding Closes: August 28 and 29, 2024 starting at 8:00am PDT\nRegistration and Details: View Catalog and Registration\n\n\nAbout Heritage Global Partners, Inc. (“HGP”)\nHGP is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial sectors including Aerospa...