Penta State LLC, founded in 2015, was a Medical Services Management Company based in Houston, Texas. Penta State managed several wholly owned subsidiaries and laboratories including Nationwide Laboratory Partners LLC (Houston, TX) and Elite Medical Laboratory Solutions LLC (Tomball, TX). Penta State helped these companies involved in sales, marketing, and laboratory services throughout the greater Houston area.
Like many businesses during and after Covid, Penta State took a toll from the pandemic. In October 2022, they filed for chapter 11 bankruptcy. Our team faced the challenge of selling over 500 items to help bring Penta State relief from the debt they accumulated.
Our team held 3 auctions for Penta State to ensure they received the most amount to pay their debts. The main sale with over 400 items featured items from the Comprehensive Medical and Toxicology Lab. The most notable items in the sale were 3 Sciex Triple Quad Mass Spectrometers, Immunoassay Systems, Centrifuge units, multiple sequencers, and analyzers. The other auction for Penta State included their office equipment and furniture, and the last for their IT Equipment.
The outcome for Penta State went well overall. All three auctions brought over $500,000 together from bids. The 3 Absciex Triple Quad Spectrometers brought an average of $62,500 each becoming the items with the highest bids. 102 bidders from 7 states and 2 countries participated in the main medical equipment sale. The money from the sales went to the debtors of Penta State helping to settle their chapter 11 bankruptcy case.
2323 Langford St.
Dallas, TX 75208
Phone: (972) 248-2266
Fax: (972) 248-6887
info@rosensystems.com
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