Heritage Global Partners to Conduct Two Major Online Auctions of Cue Health’s Assets’
SAN DIEGO Heritage 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 the US Bankruptcy Court to conduct two significant online auctions of assets from Cue Health. Cue Health, a prominent healthcare technology firm based in San Diego, is known for its advanced Covid-19 testing solutions and other healthcare innovations.
Cue Health, like many other companies, faced HGBL As part of the liquidation process, HGP has been entrusted to manage and sell the company’s assets to recoup finances for creditors. These auctions offer buyers a rare opportunity to acquire cutting-edge technology and equipment at potentially advantageous prices.
The auctions will feature over 2,000 lots of state-of-the-art equipment and assets from Cue Health’s operations. The first auction is set to highlight Cue Health’s advanced research and laboratory equipment, providing valuable resources for laboratories, research centers, and educational institutions. Items likely to draw significant interest include PCR machines, high-throughput analyzers, biosafety cabinets, and an array of other specialized instruments used in biotechnology and medical research.
“We are proud to be at the helm of such a significant auction, especially one that pertains to assets crucial in the fight against Covid-19,” stated Ross Dove, CEO of Heritage Global Inc. “This event will allow other entities to benefit from Cue Health’s investments in high-quality technology and continue the mission of enhancing healthcare through innovative solutions.”
Both auctions will be conducted entirely online, making the bidding process accessible to a global audience. Potential bidders can preview the items and register for the auctions on the Heritage Global Partners website. Specific dates and more detailed information will be provided closer to the auction dates to ensure participants are well-prepared.
This online auction series epitomizes the intricate balance of business liquidation and opportunity, providing stakeholders a chance to recover assets while enabling new owners to advance their capabilities with cutting-edge technology.
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