Baxano Surgical on Track to Complete Sale in January

By: Tom Corrigan

A bankruptcy judge on Wednesday said he would approve a series of motions that will put Baxano Surgical Inc. on track to sell its medical-device business by Jan. 27.

During a hearing at the U.S. Bankruptcy Court in Wilmington, Del., Judge Christopher Sontchi said he would sign off on a motion that will allow Baxano to choose a lead bidder and to sell its primary assets at a court-supervised auction.

“I hope that we can generate some interest in the assets and help out these creditors,” the judge said.

According to a timeline established at the hearing, Baxano will name a lead bidder by Dec. 22, hold an auction, if necessary, on Jan. 22 and present the results of the auction for Judge Sontchi’s approval on Jan. 27.



Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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