By Order of US Bankruptcy Court
Eastern District of North Carolina Case # 15-06193-5-SWH
Sealed-Bid Auction of all Remaining Assets of Martin Manufacturing, including:
o Patents
o Equipment
o Materials Inventory
The assets will be grouped together as one all-inclusive auction lot to be sold to the highest bidder.
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Bid Submission Deadline – June 14, 2019 – 5pm Pacific
Martin Manufacturing’s flagship product, the Chair-A-Table® was an FDA approved “Safe Patient Handling” system comprised of two integrated components:
1. Procedure I Exam Table
2. Docking Wheelchair
The functioning of the Chair-A-Table system significantly reduced the danger of injury (to both patient and caregiver alike) via the docking of the wheelchair to the exam table and the motorized transition of the wheelchair into the exam table.
This eliminated the dangerous necessity of lifting the patient from the wheelchair onto an exam table – and likewise from the exam table back into the wheelchair. The Chair-A-Table system promoted patient and caregiver safety,
facilitated physician access to the patient, and importantly promoted the dignity of the patient throughout the process.
Many State Legislatures have instituted Safe Patient Handling requirements. Studies have demonstrated that investment in Safe Patient Handling systems reduce costs to health care facilities.
Date: May 20, 2019
Source: Bloomberg